What agencies are subject to the FAR?
The Department of Defense (DoD), GSA, and the National Aeronautics and Space Administration (NASA) jointly issue the FAR.
WHAT ARE FAR clauses?
The Federal Acquisition Regulation (FAR) is the principal set of rules regarding Government procurement in the United States, and is codified at Chapter 1 of Title 48 of the Code of Federal Regulations, 48 CFR 1.
Does the Dfars have a matrix?
The DFARS Matrix Tool effectively consolidates your Defense contract clause and solicitation provision requirements in an easy-to-read chart format, seamlessly improving your compliance workflow.
WHAT ARE FAR and DFAR clauses?
The FAR covers topics such as acquisition planning, contract administration, labor laws, simplified acquisition thresholds, and more. Contracting professionals and vendors are expected to be familiar with the FAR. The DFARS stands for Defense Federal Acquisition Regulation Supplement.
What agencies do not follow the FAR?
The FAR does not apply to legislative branch agencies or judicial branch agencies, although agencies in the other branches of government (or otherwise not subject to the FAR) may adopt the FAR as a matter of policy, or promulgate or otherwise be subject to requirements like those in the FAR.
How many FAR clauses are there?
There are currently 896 FAR clauses.
How do you read a FAR clause?
(1) The numbering system permits the discrete identification of every FAR paragraph. The digits to the left of the decimal point represent the part number. The numbers to the right of the decimal point and to the left of the dash represent, in order, the subpart (one or two digits), and the section (two digits).
What’s the difference between a clause and a provision?
A provision in a contract stipulates a condition or requirement. A clause is a section or subsection written into a contract, which may contain one or more provisions within it.
How do you cite a FAR clause?
Federal Acquisition Regulation (FAR):
An example of a Federal Acquisition Regulation citation is: FAR 16.405-2. To cite to a historical FAR section, include the appropriate year in the parenthetical: FAR 17.109 (2008).
What does Dfars 252.204 7012 mean?
Safeguarding Covered Defense Information and Cyber Incident Reporting
DFARS Clause 252.204-7012, Safeguarding Covered Defense Information and Cyber Incident Reporting, requires contractors to provide “adequate security” for covered defense information that is processed, stored, or transmitted on the contractor’s internal information system or network.
Which of the following government agencies are exempt from complying with the FAR?
Some “quasi-governmental” agencies, such as the United States Postal Service and the Federal Deposit Insurance Corporation, are exempt from using the FAR. The FAR is divided into 53 parts, each part dealing with a separate aspect of the acquisition process.
What is the difference between CFR and FAR?
The Federal Aviation Regulations (FARs) are rules prescribed by the Federal Aviation Administration (FAA) governing all aviation activities in the United States. The FARs comprise Title 14 of the Code of Federal Regulations (CFR).
Which FAR clauses flow down?
FAR clauses included in Government contracts that prime contractors are required to flow down to their subcontractors in their subcontracts. Agency supplemental regulations also include clauses with flow down requirements. Flow Down Clauses can significantly impact the obligations and risk of performing a subcontract.
How do you reference a clause in a contract?
When quoting a contract, you should write the quote and then include the page number and section where the quote can be found. If you cite a contract in a letter, you should inform the recipient that you can provide them a copy of the contract if necessary.
What are some key clauses within building contracts?
The five clauses you should be aware of include:
- indemnities;
- liquidated damages;
- consequential loss;
- time bars; and.
- warranties.
What is the difference between a provision and a clause?
What is the difference between CUI and CDI?
DoD uses the term CDI almost interchangeably with CUI. In its final rule on the matter, DoD confirmed this. They stated the definitions they use are intended to be consistent with those of the National Archives’ definition of what constitutes CUI.
What Dfars 7020?
DFARS 7020 requires contractors to provide the Government access to its facilities, systems, and personnel any time the Department of Defense (DoD) is renewing or conducting a Medium or High assessment.
What part of the CFR is the FAR?
(b) The FAR is issued as Chapter 1 of Title 48, CFR.
Do FAR clauses apply to subcontractors?
What is clause 0 in a contract?
If we cannot make the change or the consequences of making the change are unacceptable to you, you may want to end the Contract (clause 0).
What are the clauses by which a contract may be framed?
The term of the agreement shall be in force unless contract is terminated by either parties or on mutual consent of both the parties (term clause is linked to termination clause). One of the essential elements for a contract to be considered valid is consideration.
What are the 7 elements of a contract?
But for an agreement to be legally valid and enforceable, several elements must be fulfilled: Legality, Capacity, Offer, Consideration, Intention, Certainty, and Acceptance. When all elements are met, simple informal agreements become legally binding contracts.
What are the most important clauses in a contract?
The “force majeure,” or “greater force,” clause details what to do when circumstances arise that are beyond anyone’s control. Sometimes parties cannot perform their obligations due to unprecedented and unexpected events.
What are the main clauses of a contract?
Here are the seven most important components of a written agreement.
- Including the who’s who of the contract.
- Representations and warranties.
- Payment terms.
- Term length and grounds of termination.
- Confidentiality and Restrictive Covenants.
- Insurance and Indemnification.
- Boilerplate provisions.
- Statute of limitations clause.