Which FAR Part regulates Market Research?

Market research is primarily regulated under FAR Part 10. This part outlines the requirements and guidance for conducting effective market research to inform procurement decisions. It emphasizes the importance of gathering and analyzing information regarding capabilities in the marketplace, understanding current market conditions, and assessing potential sources to meet the government's needs.

FAR Part 10 serves as a crucial tool for contracting officers, as it helps them identify viable products and services, assess the availability of competition, and make informed decisions regarding acquisitions. Conducting thorough market research is not just a regulatory requirement; it is a fundamental step that enhances the efficiency and effectiveness of the procurement process.

While other parts of the FAR touch on different aspects of the contracting process—such as the acquisition of commercial items (FAR Part 12), simplified acquisition procedures (FAR Part 13), and sealed bidding (FAR Part 14)—none of these specifically focus on the comprehensive approach to market research as indicated in FAR Part 10. This clear distinction reinforces the role of Part 10 in establishing a solid foundation for informed acquisition strategies.