Federal Acquisition Regulations (FAR)

Definition

The primary set of rules governing how the federal government purchases goods and services from private contractors. These regulations dictate what costs contractors can include in their bids and what expenses the government will reimburse, including restrictions on litigation-related costs.

Examples

• •GEO argued that FAR Part 31.205 prevents it from pricing litigation expenses into its fixed-price contracts, making immediate appeal essential. The government countered that overhead costs, insurance, and capped indemnity clauses are permissible.

Related Terms