FAR 1.102-1 Discussion
Subsection Federal Acquisition Regulation
Facts
- Citation
- FAR 1.102-1
- Type
- Subsection
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this subsection.
Text
(a) Introduction. The statement of Guiding Principles for the Federal Acquisition System (System) represents a concise statement designed to be user-friendly for all participants in Government acquisition. The following discussion of the principles is provided in order to illuminate the meaning of the terms and phrases used. The framework for the System includes the Guiding Principles for the System and the supporting policies and procedures in the FAR.
(b) Vision. All participants in the System are responsible for making acquisition decisions that deliver the best value product or service to the customer. Best value must be viewed from a broad perspective and is achieved by balancing the many competing interests in the System. The result is a system which works better and costs less.
Quick answers
What is FAR 1.102-1?
FAR 1.102-1 is a subsection of the Federal Acquisition Regulation, titled "Discussion".
Are changes to FAR 1.102-1 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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