FAR Fundamentals

Management Concepts

What are the topics?

Management Concepts


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Who should attend

This training course is designed for contracting personnel. Noncontracting personnel will also benefit from taking this course.

About the course

The Federal Acquisition Regulation (FAR) governs Federal contracting and is a critical guide to properly carrying out acquisition and contracting activities. You will be immersed in the FAR and emerge knowledgeable of its effects on the government contracting process from Parts 1 through 53. Not only will you be able to locate and understand regulations, provisions, and clauses but you will also navigate the online FAR as you wrestle with realistic, scenario-based contracting problems.

Learning Objectives

  • Identify the basic framework of the federal acquisition environment and locate, cite, and interpret information in the FAR
  • Identify the policies and procedures related to acquisition planning, preferred and required sources, competition requirements, types of contracts, special contracting methods, describing agency needs, publicizing contract actions, and socioeconomic programs
  • Identify polices and procedures for soliciting offers, evaluating bids and offers, conducting exchanges with offerors, awarding contracts, managing protests, and conducting simplified acquisitions
  • Identify the fundamental concepts of administration, the rights of parties when contract performance is unacceptable, applicable payment clauses, contract modifications, contract disputes, terminations, and closeout

Course Topics

FAR Details

  • Promulgation of the FAR
  • Relationship between the FAR and Other Authorities Governing Procurements
  • The FAR, Congress, and Judicial and Other Tribunals
  • The FAR and Federal Contracts
  • Other Topics

Using the FAR

  • Organization and Arrangement of the FAR
  • Determining the Applicability of the Rules
  • Putting It All Together

Acquisition Planning Process

  • Guiding Principles for the Federal Acquisition System


  • Determining Capable Sources
  • Exercise: Who Gets It?

Competition Requirements

  • Competition and the Open Market
  • Exercise: Competition Requirements

Methods of Contracting

  • Contracting Methods Permissible Under the FAR
  • Exercise: Methods of Contracting

Types of Contracts

  • Contracts Types Available for Acquisitions
  • Exercise: Name the Cost and Pricing Arrangement

Options and Indefinite Delivery Contracts

  • Policies and Procedures for Options and Indefinite Delivery Contract Use
  • Exercise: Identify the Special Contracting Method

Describing Agency Needs

  • Product or Service Descriptions
  • In-Class Exercise: Unduly Restrictive Specification?
  • In-Class Exercise: Bundled or Not?

Publicizing Contract Actions

  • Policies and Procedures for Contract Opportunities
  • Exercise: Publicizing Contract Actions

Socioeconomic Programs

  • Implementing Socioeconomic Policies
  • Exercise: Application of Labor Laws

Contract Formation Principles

  • Universal Principles of Contract Formation
  • Exercise: Contract Formation Principles
  • Exercise: Do We Have a Contract? (Part 1)
  • Exercise: Do We Have a Contract? (Part 2)

Solicitation of Offers

  • Contract Formation Process
  • Exercise: Provision/Clause Section
  • Exercise: Responding to Inquiries from Potential Offerors
  • Exercise: Submission of Offers

Bid Evaluation

  • Evaluating Bids
  • Exercise: Trouble at the Bid Opening

Proposal Evaluation and Exchanges with Offerors

  • Evaluating Proposals
  • Exercise: Proposal Evaluation/Exchanges with Offerors

Contract Award

  • Rules around Contract Award
  • Exercise: Contract Award


  • Bid Protests and Size Status Protests
  • Exercise: Protests

Simplified Acquisition Procedures

  • Policies and Procedures Pertaining to Simplified Acquisition Procedures
  • Exercise: What's the Threshold?
  • Exercise: The Purchase Order Problem

Initiation of Work

  • Initiating Performance of Work
  • Exercise: Contract Administration Basics
  • Exercise: Contract Administration Planning
  • Exercise: Postaward Orientation

Contract Performance Measurement

  • Policies and Procedures for Monitoring
  • Exercise: Time, Money, Both, or Neither
  • Exercise: The Inspection and Acceptance Case
  • Exercise: A Day at the Races


  • Making Payment
  • Exercise: The Payment Case
  • Exercise: Should You Allow?

Contract Modifications

  • Adjusting the Contract
  • Exercise: Request from Your Agency Head
  • Exercise: The Case of the Sympathetic Contracting Officer
  • Exercise: Out of Scope?

Disputes and Appeals

  • Policies and Procedures for Processing Contract Disputes and Appeals
  • Exercise: A Valid Claim?
  • Exercise: A Valid Contracting Officer's Decisions

Contract Terminations

  • Contract Terminations
  • Exercise: The Termination Case

Contract Closeout

  • Contract Closeouts
  • Exercise: Contract Closeout

FAR Fundamentals at Management Concepts

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Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.