What does FAC mean in UNCLASSIFIED
Federal Acquisition Circulars (FAC) are documents issued by Federal agencies that provide updates to the Federal Acquisition Regulation (FAR). These circulars summarize new regulations, contract opportunities, and other acquisition information. FAR is the official source of rules and regulations for all federal procurement contracts and FAC provides a quick way for government contractors to get up-to-date on changes in the law.
FAC meaning in Unclassified in Miscellaneous
FAC mostly used in an acronym Unclassified in Category Miscellaneous that means Federal Acquisition Circulars
Shorthand: FAC,
Full Form: Federal Acquisition Circulars
For more information of "Federal Acquisition Circulars", see the section below.
What is FAC?
Federal Acquisition Circulars (FAC) provide an overview of any applicable changes to the FAR. The purpose of FAR is to create uniform regulations across all federal agencies, so all contractors know what needs to be done when they enter into a contract. Through FACs, the government can quickly disseminate information about changes or new requirements related to FAR. Typically, each FAC will include summaries of recent regulatory amendments and notices for contracts or subcontracting opportunities that may be available from the respective agency.
Benefit from FAC
By reading and understanding FACs regularly, contractors can stay up-to-date on any applicable changes in FAR. This not only ensures compliance with current regulations but also helps contractors take advantage of any new business opportunities related to their specific field. Additionally, since each FAC covers multiple topics across different agencies, it enables contractors to keep abreast of potential developments beyond their own immediate realm as well. Therefore, recurring review of these documents is a key step in staying informed about federal procurement rules and policies.
Essential Questions and Answers on Federal Acquisition Circulars in "MISCELLANEOUS»UNFILED"
What is a Federal Acquisition Circular?
A Federal Acquisition Circular (FAC) is an official government document which provides pertinent information and updates on the Federal acquisition regulations. It contains updates to federal regulations related to contracting with the U.S. Government including amendments, rules and notices of proposed rulemaking.
What types of information are included in FACs?
FACs typically contain summaries of new or revised laws and executive orders along with implementation guidance issued by the General Services Administration, Office of Management and Budget, Department of Defense, etc. They also provide new policies regarding wage determination, price reduction clauses, cost accounting standards, small business programs, federal supply schedules and other policies that affect federal contractors.
How often are FACs issued?
FACs are typically issued six times per year – usually on a quarterly basis unless there are significant changes that necessitate additional issues during the year.
Who publishes FACs?
The General Services Administration publishes most FACs – however they may also be published by the Homeland Security Department or other agencies if they involve particular provisions from those agencies only.
Where can I find the most recent FAC?
The latest version of each active Federal Acquisition Circular can be found on the Federal Register website at https://www.federalregister.gov/fdsys/browse/collectionFAR-FA&CID=FAR.
Are all FAC documents available online?
Yes - All current FATCs are available for public viewing online through the Federal Register website mentioned above.
Is it possible to receive email notifications when a new FAC is issued?
Yes - By signing up for notifications via email under ‘Get Notices’ at http://www.gpoaccess.gov/subscriptions you will receive an email as soon as a new FATC is published in the Federal Register so that you don’t miss any updates or important changes related to federal contracting regulations.
What happens if I miss an update because I did not see my notification email or visit the website regularly?
You can visit https://www.acquisition.gov/fac to view archives of past editions of all Current FAR-FAC documents as well as expired versions that have been superseded over time by newer documents or laws.
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