Contracting And The FAR Analysis

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Contracting and the FAR

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Introduction
This paper provides an analysis of the Federal Acquisitions Authority and a discussion of whether or not these regulations provide adequate protection of the collective buying power of the American people. It also looks at a scandal related to government procurement and determines whether the executive branch is the proper branch that would provide checks and balances for the purchase of goods and services for the government.
1. Analyze the Federal Acquisition Regulation (FAR), and conclude whether or not these regulations overall offer adequate protection of the collective buying power of the American people. Prepare an argument in support of your position. …show more content…
It is aimed at establishing an acquisition system that is cost effective, minimizes administrative costs and ensures integrity, fairness and openness. When a government agency needs to make an acquisition, it specifies the applicable provisions of the FAR and the off error is only awarded the contract if they comply with the provisions of the regulations.
The regulation also permits the contract to be set aside if it can be shown that the contracting agency or the awardee did not comply with the provision of the FAR. The FAR overall offers adequate protection of the collective buying power of the American people. It achieves this by providing a system of acquisition that ensures that the right contractors are awarded contracts. The provisions of the regulations ensure that the acquisition process is open, transparent and fair (Thai, 2001).
2. Based on the scandal that you have researched, determine whether or not the executive branch is the proper branch to effectuate change that would provide checks and balances for the purchase of good and services for the United States government. Provide a rationale for your …show more content…
Congress influences the procurement system through legislation, budgetary allocations and its oversight powers. It oversees public procurement through its various standing committees and the General Accounting Office. These two branches of government are involved in the procurement process, but their involvement is not sufficient to provide the required checks and balances in the federal procurement process (Robinson,
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