The Federal Acquisition Streamlining Act of 1994 (; ) is a
United States law
The law of the United States comprises many levels of Codification (law), codified and uncodified forms of law, of which the supreme law is the nation's Constitution of the United States, Constitution, which prescribes the foundation of the ...
that was enacted in 1994 with the goal of lowering
procurement barriers. This Act enables
Simplified Acquisition Procedures where the procurement is limited, facilitates reliance of
Commercial off-the-shelf
Commercial-off-the-shelf or commercially available off-the-shelf (COTS) products are packaged or canned (ready-made) hardware or software, which are adapted aftermarket to the needs of the purchasing organization, rather than the commissioning of ...
(COTS) technology, and promotes the use of
fixed-price Performance Based Contracting.
The law alters the United States government procurement strategy from
lowest bid to best value. The Federal Acquisition Streamlining Act and the
Federal Acquisition Reform Act of 1996 removed the traditional oversight mechanisms that had been in place for decades and paved the way for a new method of awarding federal government contracts. Contracts must meet 90% of their performance goals or face termination.
See also
*
Nunn–McCurdy Amendment
External links
Federal Acquisition Streamlining Act of 1994as amended
PDFdetails
in the GPObr>Statute Compilations collection
Federal Acquisition Streamlining Act of 1994
as enacted
details
in the US Statutes at Large
Department of Labor FASA
S 1587 The Federal Acquisitions Streamlining Act
GAO The Federal Acquisition Streamlining Act of 1994
103rd United States Congress
United States federal government administration legislation
Government procurement in the United States
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