[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR1.102]



[Page 6]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 1_FEDERAL ACQUISITION REGULATIONS SYSTEM--Table of Contents

 

                Subpart 1.1_Purpose, Authority, Issuance

 

Sec. 1.102  Statement of guiding principles for the Federal Acquisition System.



    (a) The vision for the Federal Acquisition System is to deliver on a 

timely basis the best value product or service to the customer, while 

maintaining the public's trust and fulfilling public policy objectives. 

Participants in the acquisition process should work together as a team 

and should be empowered to make decisions within their area of 

responsibility.

    (b) The Federal Acquisition System will--

    (1) Satisfy the customer in terms of cost, quality, and timeliness 

of the delivered product or service by, for example--

    (i) Maximizing the use of commercial products and services;

    (ii) Using contractors who have a track record of successful past 

performance or who demonstrate a current superior ability to perform; 

and

    (iii) Promoting competition;

    (2) Minimize administrative operating costs;

    (3) Conduct business with integrity, fairness, and openness; and

    (4) Fulfill public policy objectives.

    (c) The Acquisition Team consists of all participants in Government 

acquisition including not only representatives of the technical, supply, 

and procurement communities but also the customers they serve, and the 

contractors who provide the products and services.

    (d) The role of each member of the Acquisition Team is to exercise 

personal initiative and sound business judgment in providing the best 

value product or service to meet the customer's needs. In exercising 

initiative, Government members of the Acquisition Team may assume if a 

specific strategy, practice, policy or procedure is in the best 

interests of the Government and is not addressed in the FAR nor 

prohibited by law (statute or case law), Executive order or other 

regulation, that the strategy, practice, policy or procedure is a 

permissible exercise of authority.



[60 FR 34733, July 3, 1995]