What are the Rules and Regulations of US Government Contracting?
Introduction: There is a common say about the US Government contracting , that federal contract is comparatively hard – there are so many rules and regulations which have made it tough than others. And, if anyone fails to follow those rules/regulations, the government shall immediately turn them down. There are two most important laws one should be aware of while planning for US Government contracting – 1. FAR (Federal Acquisition Regulations) and 2. FASA (Federal Acquisition Streamlining Act). However, there are numerous other laws that have an impact on government contracting that you should also keep in mind. These above rules and regulations can dictate how one can starts business with the Federal Government. There are few authorized agents, through them the federal government conducts its business. These agents are known as contracting officers as mentioned below – The Procurement Contracting Officer (referred to as the "PCO") – they are responsible to p