This intensive three-day workshop provides contracting professionals with the knowledge and skills to effectively understand and apply the Federal Acquisition Regulation (FAR) in daily acquisition activities. Participants will not only master the current FAR framework but also gain critical insights into the FAR Overhaul process and the potential impact of upcoming changes on acquisition strategies and contract management. The FAR governs over $700 billion annually on supplies, services, and construction acquired by federal agencies. As a comprehensive, complex, and constantly evolving regulation, the FAR demands a working knowledge that is detailed, practical and current. This workshop addresses these challenges by combining structured instruction with hands-on exercises to demonstrate how to interpret, apply, and navigate the FAR in real-world contracting scenarios. Students will learn to distinguish between FAR provisions that are mandatory and those that provide flexibility and discretion, enabling them to structure contracts to meet both compliance requirements and mission needs. The course also examines recent court and board decisions that shape FAR interpretation, giving participants a legal and business edge in acquisition decision-making. Since most professionals rely on electronic access to the FAR, the course includes a live demonstration of online research techniques to ensure students can efficiently search, track, and stay current with regulatory updates. Learning Objectives Upon completing this course, participants will be able to:
