The Trump administration is swiftly implementing a significant overhaul of the Federal Acquisition Regulation (FAR) through a project dubbed the Revolutionary FAR Overhaul. This initiative, guided by executive orders signed in mid-April, aims to eliminate extensive segments of the FAR, retaining only crucial provisions mandated by law. Key areas targeted for reduction include parts on federal acquisition systems and major system acquisitions, with the intention to simplify processes, reduce paperwork, and grant contracting officers greater discretion in procurement decisions. This change is being rolled out immediately, allowing agencies to adopt proposed regulations before formal rulemaking concludes.
The Trump administration's FAR overhaul aims to drastically streamline federal procurement regulations, reducing redundant documentation and enhancing procurement efficiency.
Eliminated provisions emphasize less paperwork for contractors, such as simplifying the requirements for Earned Value Management Systems, focusing instead on integrated baseline reviews.
#federal-acquisition-regulation #trump-administration #procurement-reforms #government-policy #business-management
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