The law that set the foundation for modern acquisition

The law that set the foundation for modern acquisition

What: The Services Acquisition Reform Act (SARA) When: Congress passed and President George W. Bush signed the bill into law in November 2003. Why it matters: SARA established agency chief acquisition officers, the Chief Acquisition Officer’s Council and created a centralized funding source for civilian agency acquisition training. It also promoted the use of performance-based contracting and emphasized the need for agencies to buy commercial …