“Federal Acquisition Regulation 2.0: The FAR Revolution Is Here,” by Chip Purcell, Andrés Vera and Amaiya Johnson, was recently published in the WLF Pulse.
On April 15, the Trump administration issued an executive order, “Restoring Common Sense to Federal Procurement,” signaling a monumental shift in federal procurement policy that will drastically reshape how the federal government does business. Driven by what it describes as the federal government’s “prohibitively inefficient and costly” way of conducting business, the administration plans to overhaul the Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), and other agency supplements to “create the most agile, effective, and efficient procurement system possible.” This pivotal shift in how the federal government approaches procurement has now been termed the “Revolutionary FAR Overhaul” (RFO) according to the RFO’s website.
