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Well good morning or good afternoon depending on where you are my name is Tim Sullivan and I want to welcome you to Thompson Coburn's continuing legal education program the title of today's program is working with the far now we call this program working with the far--and and the other name I would use for it is is solving the fire puzzle and this is probably I guess we'd all have to acknowledge not one of the world's most exciting topics and we do appreciate the fact that you're sharing part of your day with us as we try to demystify one of the most intimidating aspects of doing business with Uncle Sam working with the Federal Acquisition at regulation the far the real reason that I thought this program was necessary is because of the number of times I've had clients tell me that they were not aware of what they were entitled to get in a debriefing and as most of you in the listening audience know the briefings are conducted either in accordance with far 15-point 5:05 or far 15-point 506 or clients will call me about a problem that's come up and ask how aggressive they can be in addressing that with the government and that's when I tell them about the past performance language it's far 49 point 1501 and they about faint I've gotten the same reaction in a number of seminars that i've taught now we're not going to delve into every nook and cranny of the far today if you think that i'm actually going to be telling you about 549 point 203 CWI a b today you'd be wrong about that but i am going to talk about an approach for working with the far and i hope that at the time we're done today you'll feel more comfortable about your ability to solve the fire puzzle without going any further i want to read you a quote that was a quote from a fellow who was the a former vice president of tiny Hillsdale College in southwestern Michigan a very conservative school and this gentleman whose name is Ronald Trowbridge once said the fire reminds me of war and peace in length and the inferno and punishment well you know what if if you haven't dealt with this topic and had to work with it every day like like most of us have to do you could absolutely take that that view and and and be correct on the other hand once you've worked with it for a while you realize that the far actually has some methods to its madness so why is this an important topic well first as we see here it's because the far is the Holy Bible to the federal contracting agencies and I say most federal agencies there because not all agencies that that we do business with are covered by the fire we'll talk about that in a little bit and.

FAQ

How often is the Federal Acquisition Regulation revised?
Federal Acquisition Regulation is the body of laws that govern the U.S. Federal Government's procurement process. These laws are prepared, issued and maintained with Flow down far clauses under the joint auspices of the Secretary of Defense, the Administrator of General Services Administration.
How can the Federal Acquisition Regulation be used?
The below table contains the principal FAR chapter titles. Linked below the table are the web sites that can be utilized to explore these documents.Image: https://www.acquisition.gov/?q=b...PLEASE CLICK ON IMAGE TO ENLARGEThe FAR applies to the full acquisition cycle for all supplies and services the federal agencies buy.FAR is not "Rocket Science" but it is different than the commercial business sector.No one ever reads the full body of FAR from cover to cover. It is a reference document, maintained by the government to oversee the contracting process.From time to time changes to the regulations are offered for public comment at the FAR web site.Determine the regulation basics that apply to any given job considered for bidding. Examine a few solicitations in your area of expertise at the FEDBIZOPPS web site:https://www.fbo.gov/Use the FAR links to determine the basic terms and conditions and examine the solicitation source documents to read in detail the clauses you must understand to effectively bid federal work.When you have confusion regarding interpreting a requirement, seek assistance in the table of contents to the free book at this site offering guidance under the topic in question:Image: SMALL BUSINESS FEDERAL GOVERNMENT CONTRACTING (SBFGC) PLEASE CLICK ON IMAGE TO ENLARGEYou may also set up a free counseling connection at Micro Mentor:http://www.micromentor.orgSearch for Mentor Kenneth LarsonWhile assessing the impact of FAR on your company educate yourself on that what directly affects your company first in making the transition to federal government contracting and growing into the field.Carefully maximize your existing business processes and systems first before making changes and do not jump to instant fixes with exotic software tools a supplier or consultant has told you will make you compliant or competitive overnight in government contracting.FAR is a generally logical body of regulation that has come about due to the need to control and make consistent the government and industry approaches to meeting prudent and sound contracting objectives with the necessary transparency to govern.FAR does not impose business systems. It requires that you disclose the way you meet regulatory requirements in the way you operate with your processes and tools.Plan the approach and learn to convey it to auditors, contracting officers and industry partners. Grow into the business by exploring the venue and having it grow into you.What Small Business Should Know About FAR and CAS
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