There is no constant but change (Heraclitus).
The FAR Overhaul is underway. This is happening in real time and it seems to be a moving target. This stands to be a really big deal – since the FAR is the Rule Book of government acquisition. Rather than guess about what may or may not be affected (reminder: Guessing is a time vampire), we are taking a methodical approach to outline each FAR Part update against four key concepts as it comes out.
In this episode, we begin the FAR Overhaul review with FAR Part 1. We break down what’s changed, what has not, and how these impact both government and contractors.