View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

FAR RIN: 9000-AN31 Publication ID: Spring 2023 
Title: FAR Acquisition Regulation (FAR); FAR Case 2015-038, Reverse Auction Guidance 

DoD, GSA, and NASA are issuing a final rule to amend the Federal Acquisition Regulation (FAR) to implement policies addressing the effective use of reverse auctions. Reverse auctions involve offerors lowering their pricing over multiple rounds of bidding in order to win Federal contracts. This change incorporates guidance from the Office of Federal Procurement Policy memorandum, "Effective Use of Reverse Auctions," which was issued in response to recommendations from the Government Accountability Office (GAO) report, Reverse Auctions: Guidance is Needed to Maximize Competition and Achieve Cost Savings” (GAO-14-108). Reverse auctions are one tool used by Federal agencies to increase competition and reduce the cost of certain items. Reverse auctions differ from traditional auctions in that sellers compete against one another to provide the lowest price or highest-value offer to a buyer. This change to the FAR will include guidance that will standardize agencies' use of reverse auctions to help agencies maximize competition and savings when using reverse auctions.

Agency: DOD/GSA/NASA (FAR)(FAR)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 48 CFR 2    48 CFR 3    48 CFR 7    48 CFR 13    48 CFR 15    48 CFR 17    48 CFR 52   
Legal Authority: 40 U.S.C. 121(c)    10 U.S.C. ch. 4    10 U.S.C. ch. 137 legacy provisions    10 U.S.C. 3016    51 U.S.C. 20113   
Legal Deadline:  None
Action Date FR Cite
NPRM  12/07/2020  85 FR 78815   
NPRM Comment Period End  02/05/2021 
Final Rule  10/00/2023 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: Federal 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:   Public Comment URL:  
RIN Data Printed in the FR: Yes 
Agency Contact:
Michael O. Jackson
Procurement Analyst
1800 F Street, NW,
Washington, DC 20405
Phone:202 208-4949