1 Reply Latest reply on Feb 22, 2010 9:01 PM by Sean O'Quin

    US FAR regulations?

    Jacob Larsen Journeyman

      Do anyone know how the FAR regulations described below considers the use of e-auctions?


      - Do they allow for use of auctions?

      - If yes, What are requirements for documentation, etc. when using auctions under FAR regulations?


      Appreciate any input on this area.








      The Federal Acquisition Regulation (FAR) is the principal set of rules in the Federal Acquisition Regulation System. This system consists of sets of

      regulations issued by agencies of the Federal government of the United States to govern what is called the "acquisition process," which is the process through which the government purchases ("acquires") goods and services. That process consists of three phases: (1) need recognition and acquisition planning, (2) contract formation, and (3) contract administration. The FAR System regulates the activities of government personnel in carrying out that process. It does not regulate the purchasing activities of private sector firms, except to the extent that parts of it are incorporated into government solicitations and contracts by reference.