Overview
FAR 12.201 establishes the framework for acquiring commercial products and services, mandates that these acquisitions mirror standard commercial marketplace practices, and outlines the necessary considerations for the entire procurement lifecycle.
Key Rules
- Commercial Market Emulation: Requirements must be structured to closely resemble the customary practices used in the private sector.
- Comprehensive Lifecycle Guidance: This section governs all phases of the acquisition process, specifically planning, solicitation, evaluation, and contract award.
- Specialized Requirements: It mandates the use of specific procedures unique to commercial acquisitions to ensure proper execution and regulatory compliance.
Practical Implications
- Contracting officers must prioritize commercial-style terms and conditions over government-unique requirements to attract commercial vendors and increase competition.
- The regulation simplifies the federal marketplace for private-sector companies by reducing the administrative burden typically associated with government-specific procurement rules.