Government contracting includes acquiring goods, services and real estate interests through purchase or lease. It has the same legal elements as contracting between private parties in that it must have a lawful purpose, competent contracting parties, an offer, acceptance, mutuality of obligation and consideration. Federal contracts are more heavily regulated, however, and require specific regulatory authority. The agent’s bargaining authority is strictly controlled by statues and regulations.

Here on LawServer you’ll find relevant federal and state laws about government contracting.