FAR Council Launches “Revolutionary” Overhaul: What Contractors Should Watch

Short summary

The FAR Council proposes a major 1,100+ page regulatory overhaul emphasizing greater contracting officer discretion, streamlined procedures, and uniform CUI treatment. Key changes include faster termination timelines (90 days vs. one year), expedited protest access, and centralized supply-chain exclusion lists. A 30-day comment window is open, with cumulative impact expected across government procurement.

• •FAR overhaul shifts from prescriptive requirements to principle-based discretion across acquisition functions
• •Termination settlement timelines cut dramatically (90 days vs. 1 year), with risk-based audit approach replacing mandatory audits
• •CUI treatment to be standardized governmentwide, replacing agency-specific requirements and reducing contractor compliance fragmentation

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