1.102-1
Discussion
FAR 1.102-1 emphasizes that all acquisition decisions must focus on delivering best value by balancing competing interests, forming the foundation for interpreting all FAR policies and procedures.
Overview
FAR 1.102-1 provides a discussion of the Guiding Principles for the Federal Acquisition System, clarifying the intent and meaning behind the terms used in the statement of principles. It emphasizes that these principles are designed to be accessible and understandable for all participants in government acquisition. The section highlights the importance of making acquisition decisions that deliver the best value to the customer, considering a broad range of interests and striving for a system that is both effective and cost-efficient. This discussion serves as a foundational reference for interpreting the policies and procedures throughout the FAR.
Key Rules
- Guiding Principles Framework
- The Federal Acquisition System is structured around guiding principles supported by detailed policies and procedures in the FAR.
- Best Value Focus
- All acquisition decisions should aim to deliver the best value product or service, balancing competing interests to achieve a system that works better and costs less.
Responsibilities
- Contracting Officers: Must interpret and apply the guiding principles when making acquisition decisions.
- Contractors: Should understand the emphasis on best value and broad stakeholder interests when participating in government acquisitions.
- Agencies: Are responsible for fostering a culture that prioritizes best value and efficient acquisition outcomes.
Practical Implications
- This section sets the tone for the entire FAR, guiding how policies and procedures should be interpreted and applied.
- It encourages a holistic approach to acquisition, balancing cost, performance, and stakeholder needs.
- Misunderstanding or ignoring these principles can lead to suboptimal acquisition outcomes or noncompliance with the intent of the FAR.