1.501-1
Definition
A "significant revision" is a FAR change that alters substantive meaning and has notable impact on contractors or offerors, requiring formal input procedures.
Overview
FAR 1.501-1 provides the definition of "significant revisions" as it applies to the solicitation of agency and public views on proposed changes to the FAR. A significant revision is one that changes the substantive meaning of any part of the FAR System and has a notable cost or administrative impact on contractors or offerors, or affects more than just the internal procedures of the issuing agency. Minor changes, such as editorial or stylistic updates that do not alter the basic meaning, are not considered significant revisions. This definition is crucial for determining when public or agency input is required during the FAR revision process.
Key Rules
- Definition of Significant Revisions
- Only revisions that alter substantive meaning and have significant impact on contractors, offerors, or extend beyond internal agency procedures are considered significant.
- Exclusions from Significant Revisions
- Editorial, stylistic, or non-substantive changes are not classified as significant revisions.
Responsibilities
- Contracting Officers: Must recognize when a proposed FAR change qualifies as a significant revision and ensure appropriate procedures for public or agency input are followed.
- Contractors: Should be aware of the definition to understand when they may have the opportunity to comment on FAR changes.
- Agencies: Must distinguish between significant and non-significant revisions to comply with public notice and comment requirements.
Practical Implications
- This definition ensures that only meaningful changes to the FAR that could impact contractors or offerors trigger the formal process for public or agency input. Contractors should monitor proposed FAR changes and understand which ones may affect their operations. Misclassifying a revision could result in missed opportunities for input or non-compliance with procedural requirements.