This presentation provides a practical introduction to Federal Acquisition Regulation (FAR) compliance for businesses supporting federal contracts and subcontracts. It explains the FAR’s purpose and applicability, including the way contract clauses may flow down to subcontractors, and outlines key compliance areas: ethics, cybersecurity and safeguarding of sensitive information, financial accounting and cost principles, contract pricing, labor requirements, and socioeconomic programs.

Attendees will gain an awareness of common FAR-driven responsibilities and the internal practices that can help support compliance, such as reviewing contract-specific clauses, maintaining effective accounting and internal-control processes, training personnel, and seeking clarification from the contracting officer or prime contractor when needed. The session also addresses potential financial, contractual, and reputational consequences of noncompliance, helping small businesses better recognize and manage compliance risk as they pursue and perform federal work.