FAR 1.704 – Funding Basics - Made Simple

FAR 1.704 is the rule that says how to keep records safe when buying things for the government. It makes sure information is protected.

Want To learn More About FAR 1.704?

What FAR far-1-704 Means for Recordkeeping Rules

FAR 1.704 tells you what needs to be in a "Determination and Findings" (D&F) document. This is a special paper where the government explains why it’s okay to do something a certain way in a contract. It’s like giving a permission slip with reasons. This keeps things fair and clear in acquisition and program management. The rules help make sure contracts follow the law and protect taxpayer money.

Why FAR 1.704 Helps You Work Smarter and Faster

FAR 1.704 explains when and how to use Class Deviations in government contracts. A Class Deviation is a rule change that affects many contracts at once. It lets agencies do something different than the normal FAR rules but only with special approval. This helps agencies stay flexible while still following laws. Think of it like a hall pass—it doesn’t follow the usual rules, but it’s allowed for a good reason.

Common Mistakes Within the Topic: far-1-704

Many people misunderstand FAR 1.704 by thinking it creates rules, when it only explains delegations of authority. A common mistake is assuming anyone can be assigned contracting power without formal documentation. Others forget that only properly authorized individuals can act on behalf of the government. This leads to invalid contracts or delays. Always check if authority has been delegated in writing and follows FAR guidelines. Staying clear on this helps avoid costly errors in federal contracting.

You May Also Want to Explore:

<a href="https://learn.cradle2contract.com/made-simple/far-1-601-agency-head-authority">FAR 1.601 – Agency Head Authority</a><br>

<a href="https://learn.cradle2contract.com/made-simple/far-1-602-contracting-officers">FAR 1.602 – Contracting Officers</a><br>

<a href="https://learn.cradle2contract.com/made-simple/far-1-603-selection-appointment">FAR 1.603 – Selection and Appointment of Contracting Officers</a><br>

<a href="https://learn.cradle2contract.com/made-simple/far-1-606-necessity-for-individual-determination">FAR 1.606 – Necessity for Individual Determination</a><br>

<a href="https://learn.cradle2contract.com/made-simple/far-1-707-head-of-agency-review">FAR 1.707 – Head of Agency Review</a>