Which FAR Part covers commercial contracts?

FAR Part 12 specifically addresses the acquisition of commercial items. This section provides guidance on the policies and procedures that federal agencies must follow when purchasing products and services that are commercially available. The intent behind FAR Part 12 is to streamline the procurement process for items in the commercial marketplace, thus facilitating competition and efficiency in government contracting.

Under FAR Part 12, there are provisions that help ensure that commercial items are acquired using methods that reflect the commercial marketplace practices, such as reducing the burden of government regulations on both contractors and agencies. This part emphasizes the importance of using commercial practices to enhance competition and to reduce costs, making it particularly relevant for those involved in commercial contracting.

The other parts of the FAR mentioned pertain to different areas: Part 10 deals with market research, Part 14 focuses on sealed bidding, and Part 15 covers contracting by negotiation. Each of these has its own specific application and purpose but does not pertain specifically to the acquisition of commercial items like FAR Part 12 does.