GovCon Compliance
FAR 2.0
The informal name for the Revolutionary FAR Overhaul, the most extensive rewrite of the Federal Acquisition Regulation in over four decades initiated by Executive Order 14275 ("Restoring Common Sense to Federal Procurement"), signed April 15, 2025. The overhaul is led jointly by OMB, GSA, NASA, and DoD. Phase I (April through October 2025) used class deviations to allow agencies to apply the streamlined provisions immediately; Phase II began in October 2025 as the formal rulemaking that permanently amends the FAR. Non-statutory buying strategies migrate from the FAR into OFPP-endorsed buying guides collectively known as the Strategic Acquisition Guidance.