Removing Traffic Signals: The Revolutionary FAR Overhaul Intends to Eliminate Decades-Old Protections for Contractors
The Revolutionary FAR Overhaul (RFO) is an Executive Order that seeks to reform the Federal Acquisition Regulation (FAR) to eliminate barriers to doing business with the Federal Government. This monumental change is akin to removing the traffic light at a four-way intersection and replacing it with a stop sign. So, will the government’s signal change improve efficiency, or will it cause more traffic and accidents? Let’s take a look. What is the Revolutionary FAR Overhaul? The White House intends for the RFO to streamline the procurement process. To achieve this goal, the FAR Council, the heads of agencies, and senior acquisition officials will amend the FAR so that it only contains provisions that are required by statute or “are otherwise necessary to support simplicity and usability, strengthen the efficacy of the procurement system, or protect economic or national security interests.” To date, little guidance has been issued to determine which regulatio...