Summarizes the Federal Acquisition Regulation System (FARS), improper business practices and personal conflicts of interest, publicizing contract actions, outsourcing/privatization, and competition requirements. Addresses acquisition plans, contractor qualifications, contract delivery, and performance. Explains socio-economic policies, commercial items, options, sealed bidding, and negotiation. Reviews general contracting requirements, intellectual property, cost accounting standards, cost principles, financing, protests, disputes, and appeals. Explores research and development contracting, construction and architect-engineer contracts, inspection and warranty, value engineering, delays, suspension of work, modifications, subcontracting, and government contract termination.
Assuredly bland and hard to follow at times, but an invaluable quick reference for government contract procurement and administration. As with any legal textbook, it took me a couple of reads to really absorb the information, but this book alone helped shape my understanding of the complex contracts system for the United States government. If you are a contracts student or a contractor, this book should be on your shelf.