FAR - CHAPTER 2

Chapter 2: General Policies

• Objective: This chapter outlines the general principles and policies that guide federal procurement and contracting processes.

• Scope: The policies established in this chapter apply to all federal agencies and personnel involved in acquisitions.

• Core Principles:

  • Transparency: Ensure that procurement processes are open and accessible to the public.

  • Competition: Promote fair competition among vendors to achieve the best value for taxpayers.

  • Integrity: Maintain ethical standards in procurement practices to prevent corruption and conflicts of interest.