What does FAR Part 10 focus on?

FAR Part 10 is focused on market research, which is a critical component in the acquisition process. The primary purpose of conducting market research is to gather information about the market capabilities, trends, and potential sources to ensure that the government effectively meets its needs. This part emphasizes the necessity of understanding the marketplace before proceeding with any procurement strategy or contract action.

Conducting thorough market research helps contracting officers make informed decisions about acquiring goods and services, analyzing the available options, assessing risks, and determining the appropriate contracting strategies. It also ensures compliance with federal regulations and policies aimed at promoting competition and maximizing the value of taxpayer dollars.

The other options relate to different aspects of contracting that are covered in other parts of the FAR, such as administering contracts, negotiating terms, or conducting audits, but they do not reflect the specific focus of FAR Part 10.