Description:

This session establishes the foundation for understanding the Revolutionary FAR Overhaul (RFO) by examining both the structural transformation of the FAR and the cultural shift required for successful implementation.

Participants will explore the policy drivers behind the overhaul, including Executive Order 14275 and OMB Memorandum M-25-26, which mandate a transition toward a more agile, efficient, and outcomes-focused acquisition system. The session highlights how decades of accumulated regulatory complexity are being replaced with a streamlined, modular framework supported by plain language.

The session introduces the redesigned FAR System, which distinguishes between mandatory regulatory components (FAR and agency regulations) and non-regulatory acquisition guidance, including the FAR Companion and Category Management Buying Guide. Participants will learn how these tools support professional judgment, promote commercial-first strategies, and reduce duplication across the federal marketplace.

In addition, the session examines key structural updates, including the chronological reorganization of the FAR, clause consolidation, and incorporation of proven innovation techniques. Special attention is given to the role of the Practitioner Albums and Smart Accelerators as practical tools for implementing reform at the workforce level.

Finally, the session emphasizes the critical role of acquisition culture in determining the success of the overhaul. Participants will consider how shifting from process-driven compliance to mission-focused problem solving requires unlearning longstanding habits and adopting a new mindset centered on speed, accountability, and innovation.

For practitioners, this session provides a clear understanding of how the FAR is evolving into a system that aligns more closely with real-world acquisition workflows while maintaining statutory integrity and oversight.

Who Should Attend This Session:

Federal contracting officers, contract specialists, policy analysts, and acquisition professionals seeking to understand the foundational concepts, structure, and cultural implications of the Revolutionary FAR Overhaul.

Prerequisites: 

Working knowledge of the Federal Acquisition Regulation (FAR) and general federal procurement procedures.

What You'll Learn:

• Explain the policy drivers behind the Revolutionary FAR Overhaul, including Executive Order 14275 and OMB guidance
  
• Describe the transition from a compliance-driven FAR to a modular, discretion-based acquisition system
  
• Identify the components of the new FAR System, including regulatory and non-regulatory elements
  
• Distinguish the roles of the FAR Companion, Category Management Buying Guide, and Practitioner Albums
  
• Recognize key structural changes, including chronological organization, clause consolidation, and digital verification
  
• Understand the concept of Strategic Acquisition Guidance (SAG) and its role in execution
  
• Assess how acquisition culture must evolve to support successful implementation of reform

Credits: 1.5 CPE/CLP credits for participation

Cost: $55 Members/$69 Non-members

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