As a consumer, the United States can be quite meticulous in choosing where to buy products and services from. The qualifications for vendors are not something drawn from a magic hat or thought of at an instant like what a mom might do in choosing where to buy this Sunday's vegetables from. There are standard procedures for choosing vendors and buying commodities, and these rules are consolidated into a legislation called the Federal Acquisition Regulation (FAR).
The FAR is a set of regulations that federal agencies must conform to in acquiring commodities from suppliers. FAR details the procurement process step by step: from the time a government agency realizes its demand for a product or a service up until when that product or service has been provider for by a contractor.
Although FAR prescribes a fixed method for procurement, the government can employ different contracting processes when it wants to avail a product or a service. Examples of contracting methods that the government may use are simplified acquisition procedures, sealed bidding, contracting by negotiation and consolidated purchasing vehicles are key contract methodologies used to purchase products and services.
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