The FAR is organized into 53 parts covering everything from competition requirements to contract types to labor laws. Key parts for contractors include Part 12 (commercial items), Part 13 (simplified acquisition), Part 15 (contracting by negotiation), and Part 19 (small business programs). Individual agencies also have FAR supplements (like DFARS for DoD). Understanding the FAR is not required to bid, but familiarity with key concepts helps you navigate solicitations.
FAR Part 19 requires contracting officers to set aside acquisitions for small businesses when there is a reasonable expectation of receiving two or more competitive offers. This regulation drives the entire small business set-aside system.
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