The Department of Defense, General Services Administration, and NASA are proposing updates to the Federal Acquisition Regulation (FAR) to address organizational conflicts of interest (OCIs). The proposed rule focuses on defining OCIs, providing guidance for detecting them, and creating processes to mitigate potential issues. The proposal includes introducing new rules for contracting officers to identify, analyze, and resolve OCIs in federal acquisition processes, ensuring fair competition and maintaining the integrity of governmental procurement. The rule also sets forth requirements for contractors and subcontractors to disclose potential OCIs before and after a contract is awarded.
Simple Explanation
The government wants to make sure that when they buy things, everything is done fairly and without any cheating. So, they are making new rules to help figure out if someone might be cheating and to stop it from happening.