Major Systems Acquisition is addressed in which part of the FAR?

The correct answer is that Major Systems Acquisition is addressed in Part 34 of the Federal Acquisition Regulation (FAR). This part focuses specifically on the acquisition of major systems, outlining policies and procedures that are unique to the procurement of these significant and complex items. Major systems typically have substantial implications for the Department of Defense and other government agencies, which is why they necessitate specific guidelines concerning cost control, schedule management, and performance evaluation.

Part 34 also discusses the importance of lifecycle costs, performance-based acquisition strategies, and the role of cost estimation and analysis in decision-making for these types of acquisitions. Understanding these elements is crucial for acquisition professionals involved in procuring systems that exceed certain thresholds or complexity.

Other parts, while important for various aspects of federal procurement, do not specifically address the requirements and regulations governing major systems. For instance, Part 36 deals with construction and architect-engineer services, Part 31 covers contract cost principles and procedures, and Part 32 addresses contract financing. Each of these parts serves a different purpose within the FAR and does not specifically cater to major systems acquisition. Thus, Part 34 is distinctly focused on the appropriate policies for navigating the complexities of major systems acquisition.