What Is a FAR Based Contract? FAR contracts are governed by the Federal Acquisition Regulation, a comprehensive set of rules and guidelines designed to regulate federal government procurement. These ...

What are the most common types of procurement? Procurement stands as one of the most influential business functions in modern organizations, directly impacting both financial performance and ...

Discover what implied contract terms are, their benefits, and how they arise, helping you navigate incomplete contracts while minimizing transaction costs and disputes.

The Office of General Counsel assists university departments with many types of university contracts. We also draft contracts and assist departments and administrators with contract negotiations as ...

Efficient direct procurement is vital since any shortage of key materials can slow or halt production and lead to lost sales, while poor quality inputs can impact the finished product's quality.

The main types of procurement Procurement can be classified in several ways. Broadly, it can refer to what is being purchased, such as direct versus indirect procurement, as well as how the ...