How to Do Business with Treasury
Part I: Regulations Governing Department
of the Treasury Acquisition
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Most Treasury acquisition activities are governed by the "Federal Acquisition
Regulation" (FAR). (The U.S. Mint is exempt.) The FAR is codified as
Chapter 1 of Title 48, Code of Federal Regulations and consists of procurement
policies and many detailed procedural and administrative requirements
that apply to all procurements by Federal executive agencies.
The FAR has more than 1,000 pages and is divided into 53 parts (equivalent
to chapters), each part dealing with a separate aspect of procurement.
The first six parts deal with general government contracting matters
and the next six parts deal with aspects of acquisition planning. Part
13 contains simplified procedures for contracts of $100,000 or less,
while Parts 14 and 15 deal with procurement procedures for larger contracts.
Other parts deal with such matters as labor laws, contract administration,
standard clauses, and forms.
Any firm wishing to do business with the Federal Government should
have access to the FAR. A copy may be purchased from the Superintendent
of Documents, U.S. Government Printing Office, Washington, DC 20402,
telephone (202) 512-1800. The FAR is also available for review at major
public libraries, or via the World Wide Web from the Acquisition
Reform Network.
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Updated August 8, 2003
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