FASA

The Federal Acquisition Streamlining Act is landmark legislation that reformed federal procurement by establishing the simplified acquisition threshold, promoting commercial item acquisition, and reducing administrative burdens. FASA significantly changed how the government buys goods and services.

FASA provisions continue to influence acquisition practices including simplified procedures, commercial item preferences, and past performance evaluation. Understanding FASA impacts helps contractors navigate streamlined procurement processes. FASA reforms aimed to make government procurement more efficient and commercial-like.