What is the purpose of the "Contractor Code of Business Ethics and Conduct" requirement?

The "Contractor Code of Business Ethics and Conduct" requirement is designed primarily to foster integrity and transparency in government contracting. This requirement emphasizes the importance of ethical business practices among contractors and aims to prevent unethical behaviors such as fraud, waste, and abuse in government contracts. By mandating a code of ethics, the government seeks to ensure that contractors operate with integrity, adhere to legal standards, and maintain public trust.

This requirement also encourages accountability and ethical decision-making, which ultimately strengthens the procurement process by ensuring that contractors engage in fair and responsible actions. The focus on integrity and transparency is critical in cultivating a contracting environment that upholds the principles of good governance and public accountability.