Federal Acquisition
/ˈfɛdərəl ˌækwɪˈzɪʃən/
Definitions
- (n.) The process by which the federal government acquires goods, services, or property through contracts, grants, or other means under statutory and regulatory frameworks.
The agency followed strict regulations during the federal acquisition of new computer systems.
Forms
- federal acquisition
Related terms
See also
Commentary
Federal acquisition typically involves compliance with complex regulations, notably the Federal Acquisition Regulation (FAR), mandating thorough understanding for effective legal and administrative management.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.