# FAR Council Updates Acquisition Guidance

The Federal Acquisition Regulatory Council released FAR Companion Version 3.0 on October 30, 2026, as part of the Revolutionary FAR Overhaul. The guide adds or clarifies acquisition guidance covering industry engagement, performance-based and modular contracting, commercial and construction contracting, and contract closeout. Contractors and acquisition teams should review the companion alongside applicable rewritten FAR parts and agency deviations to identify changes affecting capture strategies and contract delivery practices.

- The update addresses several stages and methods of acquisition, giving contracting teams guidance relevant to both solicitation planning and contract administration.
- Contractors can compare the companion with the rewritten FAR parts and agency deviations that apply to their work to assess effects on bid development and delivery processes.
- Acquisition professionals may use the updated guidance when reviewing approaches to industry engagement, modular or performance-based contracting, and closeout.

**Jurisdictions:** federal
**Topics:** Policy, Regulatory Compliance
**Published:** October 31, 2026

### Government Entities
- Federal Acquisition Regulatory Council
- General Services Administration (GSA)
- Office of Management and Budget (OMB)

### Sources
- [FAR Overhaul | FAR Companion Guide | Version 3.0 | Acquisition.GOV](https://www.acquisition.gov/content/far-overhaul-far-companion-guide-version-3.0) - Acquisition Gov