Yes, cardholders who hold Ordering Officer delegation must follow the standard Federal Acquisition Regulation (FAR) procedures for order placement. FAR is a set of regulations that govern the acquisition process and provide guidance to government agencies on how to purchase goods and services.

Explanation

The Federal Acquisition Regulation (FAR) is a set of regulations that govern the acquisition process and provide guidance to government agencies on how to purchase goods and services. The FAR covers a wide range of topics such as contract formation, contract administration, and contract close-out; the acquisition of commercial items and services; pricing and cost analysis; and the use of electronic commerce for purchasing.

In order for cardholders who hold Ordering Officer delegation to be in compliance with the FAR, they must follow the standard procedures for order placement. This means that they need to make sure that their orders are adequately documented, that the correct payment methods are used, and that the orders are approved by the appropriate personnel. Failure to follow these procedures can have serious consequences, such as suspension or removal of their Ordering Officer delegation, fines, or even criminal penalties.

It is important for cardholders to understand the regulations outlined in the FAR so that they can ensure that their orders are placed in a timely and compliant manner. By understanding the regulations, cardholders can also ensure that their orders are properly documented and that they are not subject to any disciplinary action or fines. Additionally, understanding the FAR can help ensure that orders are placed in the most cost-effective manner, which can save money and resources.