⚖️New FAR Changes Address Organizational Conflicts for Contractors
Federal Acquisition Regulation: Preventing Organizational Conflicts of Interest in Federal Acquisition
Summary
DoD, GSA, and NASA are proposing to amend the Federal Acquisition Regulation (FAR) to implement the Preventing Organizational Conflicts of Interest in Federal Acquisition Act. The statute requires the FAR to provide and update definitions, guidance, and examples related to organizational conflicts of interest, including the creation of solicitation provisions and contract clauses to avoid or mitigate organizational conflicts of interest. The statute also requires the FAR to permit contracting officers to consider professional standards and procedures to prevent organizational conflicts of interest to which an offeror or contractor is subject.
Agencies
- Defense Department
- General Services Administration
- National Aeronautics and Space Administration
Business Impact
$$ - Med
The regulatory changes require businesses, especially contractors, to address organizational conflicts of interest, enhancing compliance requirements and possible mitigation strategies. These implications may impact bidding processes, contract eligibility, and overall transparency in government procurement.