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FAR 1.602-3 is the rule that explains when people can fix mistakes in buying deals. It helps keep buying fair and honest.
FAR 1.602-3 is about fixing problems with contract actions. It explains what to do if someone makes a mistake when signing or managing a government contract. This rule helps keep things fair and legal, even when errors happen. If a wrong step is taken, the Contracting Officer reviews it and decides what can be done to correct it. This helps protect both the government and the contractor.
FAR 1.602-3 is about fixing contract mistakes. It explains how the government can correct or cancel a contract if something goes wrong, like signing the wrong amount or agreeing to terms by mistake. Only people with special approval can make these fixes. This helps keep contracts fair and legal. Knowing this rule is important in government contracting to avoid big problems later.
Many people misunderstand FAR 1.602-3 by thinking they can’t be held accountable for mistakes. One big error is not reporting known problems early—hoping they’ll fix themselves. Another mistake is failing to correct unauthorized actions, which can break rules and hurt the government’s trust. Professionals and beginners alike often forget that “ratification” doesn’t fix everything. These missteps can lead to broken contracts or legal trouble. Always act fast, follow the rules, and ask when unsure to avoid problems.
<a href="https://learn.cradle2contract.com/made-simple/far-1-602-1">FAR 1.602-1 – Authority</a><br>
<a href="https://learn.cradle2contract.com/made-simple/far-1-602-2">FAR 1.602-2 – Responsibilities</a><br>
<a href="https://learn.cradle2contract.com/made-simple/far-1-603-1">FAR 1.603-1 – General Appointment</a><br>
<a href="https://learn.cradle2contract.com/made-simple/far-1-603-3">FAR 1.603-3 – Appointment, Termination, and Responsibilities</a><br>
<a href="https://learn.cradle2contract.com/made-simple/far-1-604">FAR 1.604 – Contracting Officer’s Representative (COR)</a><br>