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FAR and DFARS › FAR Part 1: Federal Acquisition Regulations System › Subpart 1.1

FAR 1.102-1 Discussion.

The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

In plain English

This section explains the Guiding Principles for the Federal Acquisition System and describes the vision behind them. It says everyone involved in acquisition should make decisions that deliver the best value to the customer, balancing competing interests. The goal is a system that works better and costs less.

Applies to: All participants in the Federal Acquisition System

What it requires

  • Make acquisition decisions that deliver the best value product or service to the customer
  • View best value from a broad perspective by balancing the many competing interests in the System

Key terms: Guiding Principles · Federal Acquisition System · best value · customer · FAR

Written by AI from this section's text. A guide, not legal advice: the text below rules.

The text

(a) Introduction. The statement of Guiding Principles for the Federal Acquisition System (System) represents a concise statement designed to be user-friendly for all participants in Government acquisition. The following discussion of the principles is provided in order to illuminate the meaning of the terms and phrases used. The framework for the System includes the Guiding Principles for the System and the supporting policies and procedures in the FAR.

(b) Vision. All participants in the System are responsible for making acquisition decisions that deliver the best value product or service to the customer. Best value must be viewed from a broad perspective and is achieved by balancing the many competing interests in the System. The result is a system which works better and costs less.

← 1.102 Statement of guiding principles for the Federal Acquisition System. · 1.102-2 Performance standards. →

Rule changes for FAR Part 1

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.

FAR 1.102-1 Discussion · SpendQuery