Contracts & Legal

The Antideficient Act is meant to prevent federal organizations from obligating more funds than they are actually allowed to or spend funds before they have received any funds to spend. Antideficiency is defined in the (31 USC § 1341) established by Congress in U.S. Code Title 31 Sections 1341 and 1517. The code states that …

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Contracting in the DoD is developing and managing an agreement between two or more parties following the legal guidelines set forth by the Federal Acquisition Regulations (FAR). The FAR is the primary regulation for use by all Federal Executive agencies in their acquisition of supplies and services with Appropriated Funds. The Defense Federal Acquisition Regulations …

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