Statement of guiding principles for the Federal Acquisition System
FAR 1.102 sets the core principles for federal acquisition, empowering acquisition teams to use sound judgment and initiative to achieve best value while maintaining integrity and fulfilling public policy.
Overview
FAR 1.102 establishes the foundational guiding principles for the Federal Acquisition System, emphasizing the delivery of best value products and services to customers while upholding public trust and policy objectives. It encourages teamwork, empowerment, and sound business judgment among all participants in the acquisition process, including government personnel, customers, and contractors. The section outlines key goals such as satisfying customer needs in cost, quality, and timeliness; maximizing use of commercial products and services; promoting competition; minimizing administrative costs; and conducting business with integrity and fairness. It also clarifies that acquisition team members are empowered to use initiative and discretion, provided their actions are not prohibited by law or regulation and are in the government's best interest.