FAR Overhaul Companion Guide Published

Regulations & Compliance
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As part of the FAR overhaul initiative, a Companion Guide to the FAR Overhaul was published. The guide is non‑regulatory (i.e., not law) but is intended to help agencies, contractors, and other stakeholders understand the changes under the FAR Overhaul, including new structure, plain‑language rewrites, removal of non‑statutory rules, and alignment with statutory authorities. Acquisition.gov

  • How effective do you expect the Companion Guide to be for helping contractors anticipate compliance and interpret the new FAR requirements? Will you rely on it, or are you seeking formal regulatory texts / trainings?

  • What internal actions (policy, training, legal review) will you need to take to ensure your proposals, contracts, and practices align with the guidance in the Companion Guide?

  • Are there areas of the overhaul that remain unclear even with the guide, and how might contractors engage with agencies or the FAR Council to get clarifications?

Related Resources / Official Links:

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The FAR Council has adjusted several key dollar thresholds based on inflation, affecting federal contracting regulatory triggers. Significant changes include raising the micro‑purchase threshold (e.g. general purchases from $10,000 to $15,000), increasing the simplified acquisition threshold (SAT), and raising thresholds that require justification & approval for other‑than‑full‑and‑open competition, cost or pricing data, and subcontracting plan requirements. These changes aim to reduce administrative burdens for smaller contracts and streamline procurement