What is the obligation of contractors in terms of compliance with FAR?

The obligation of contractors in terms of compliance with the Federal Acquisition Regulation (FAR) is to adhere to all applicable laws and regulations as outlined in the FAR. This requirement is fundamental to the procurement process and ensures that contractors operate within the legal framework established for government contracting.

FAR outlines a comprehensive set of rules and policies that govern federal acquisition and contracting practices, encompassing various aspects such as acquisition planning, contract formation, performance, and compliance. By mandating that contractors comply with these regulations, FAR seeks to promote fairness, accountability, and transparency in government procurement.

This obligation extends beyond just financial regulations; it includes adherence to ethical standards, labor laws, environmental regulations, and other statutory requirements relevant to the performance of government contracts. Therefore, contractors must be fully aware of and compliant with the entire scope of FAR regulations to properly fulfill their contractual obligations and maintain eligibility for future contracting opportunities.