The Federal Acquisition Regulation (FAR) serves as the foundational rulebook governing how the U.S. Federal Government acquires supplies and services. For government contractors—both prime contractors and subcontractors—maintaining compliance across the regulatory landscape is vital to winning awards, ensuring timely payments, and protecting business reputation. With recent landmark initiatives such as Executive Order 14275 and OMB Memorandum M-25-26 initiating a major overhaul of federal procurement regulations, staying up to date on core compliance requirements has never been more critical.
This session provides an essential roadmap to understanding and managing FAR compliance. Attendees will explore the four critical pillars of federal compliance: business ethics and reporting mandates; the 15 basic cybersecurity safeguards for protecting Controlled Unclassified Information (CUI); financial accounting, cost principles, and pricing requirements (including FAR Parts 15, 16, 30, and 31); and labor and socioeconomic program standards. The presentation also highlights the serious financial, contractual, and operational risks of non-compliance—ranging from payment withholding and False Claims Act penalties to contract termination and debarment—while offering actionable best practices to build robust internal controls and maintain open communication with contracting officers.