Market Research
FAR Part 10 requires agencies to conduct market research to inform acquisition decisions and ensure effective competition and best value for the government.
Overview
FAR Part 10 establishes the requirements and procedures for conducting market research in federal acquisitions. Its primary purpose is to ensure that agencies gather and analyze information about available products, services, and capabilities in the marketplace before developing new requirements or soliciting offers. This part outlines the policy that market research must be conducted to support the acquisition process, details the procedures for performing market research, and addresses the use of a contract clause when necessary. Market research is essential for determining if commercial items or nondevelopmental items are available to meet agency needs, identifying potential sources, and supporting acquisition planning and decision-making. FAR Part 10 applies to all types of federal acquisitions, regardless of dollar value, and is a foundational step in the procurement lifecycle.