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The Federal Acquisition Regulation (FAR) is the principal set of rules regarding Government procurement in the United States, [1] and is codified at Chapter 1 of Title 48 of the Code of Federal Regulations, 48 CFR 1. It covers many of the contracts issued by the US military and NASA, as well as US civilian federal agencies.
The policy related to SETA contractors can be found in the Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation (DFAR) and DoD Instructions. FAR Part 37 is the starting point for guidance for these types of contracts.
With $48.666 billion in business with the U.S. federal government, Lockheed Martin, based in Bethesda, Maryland, is the largest U.S. federal government contractor. The Top 100 Contractors Report (TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement.
In federal government contracting, the specific regulatory authority is required for the Government's agent to enter into the contract, and that agent's bargaining authority is strictly controlled by statutes and regulations reflecting national policy choices and prudential limitations on the right of federal employees to obligate federal funds.
According to the DoD's Fiscal Year 2015 Budget Estimate, DCMA had 10,637 civilian and 472 military personnel, located in over 740 locations, managing over 19,000 contractors and nearly 350,000 active contracts. The operations and maintenance budget estimate for fiscal year 2015 was approximately $1.3 billion. [3]
The Federal Acquisition Regulations (FAR) assign responsibility to the contractor for maintaining sufficient records to support claimed costs. FAR 31.201-2(d) requires the contractor to keep "records, including supporting documentation, adequate to demonstrate that costs claimed have been incurred, are allocable to the contract, and comply with ...
The Top 100 Contractors Report on the Federal Procurement Data System lists the top 100 defense contractors by sales to the United States Armed Forces and Department of Defense. ('DoD 9700' worksheet). [ 1 ]
Federal Acquisition Regulation (FAR) General Services Administration, Department of Defense, National Aeronautics and Space Administration, Office of Federal Procurement Policy: 2: 52-99 3: 2: 200-299: Defense Acquisition Regulations System (DARS), Defense Federal Acquisition Regulation Supplement (DFARS) Department of Defense: 4: 3: 300-399