The Obama administration finalized several procurement rules March 2 that it had introduced in 2011.
Officials revised the Federal Acquisition Regulation (FAR) to address how contracting officers should use and manage cost-reimbursement contracts, a type of contract that administration officials want to avoid when possible because of the risk they place on the government.
via Administration finalizes four FAR rules — Federal Computer Week.
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In addition to being Founder of the GovCon Channel, Guy Timberlake is Chief Visionary and Chief Executive Officer of The American Small Business Coalition (The ASBC), an innovative membership organization aiding companies around the world with finding, qualifying and winning business opportunities in the government sector, and assisting government agencies with identifying viable industry partners to support their operational and mission requirements.
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