FAR Overhaul: Streamlining 5,000 Pages of Procurement Regulations
An extensive overhaul of the FAR aims to simplify federal procurement by reducing compliance burdens and encouraging competition from both established firms and small businesses.
Published on March 28, 2025
The Federal Acquisition Regulations (FAR) are set for a major revamp aimed at simplifying federal procurement, reducing compliance burdens, and opening the doors for both best-in-class enterprises and a growing number of small businesses. Initiatives such as the proposed revisions to the organizational conflict of interest rules on January 15, 2025, underline the effort to create clearer guidelines and improve overall efficiency in government contracting.
Further changes are emerging with new guidance and deviations announced by the GSA on February 15, 2025, which seek to align the FAR more closely with commercial practices. These updates are part of a broader strategy to tame the extensive five-thousand-page framework, ultimately fostering a more competitive and accessible federal market while addressing longstanding complexities in the regulatory process.