Chief Acquisition Officers Council [CAOC] Law and Legal Definition

The Chief Acquisition Officers Council (CAOC) is established pursuant to Section 16 of the Office of Federal Procurement Policy Act. CAOC was established to provide a senior level forum for monitoring and improving the federal acquisition system. CAOC promotes effective business practices that ensure the timely delivery of best value products and services to the agencies. CAOC also strives to achieve public policy objectives, and to further integrity, fairness, competition, and openness in the federal acquisition system. In addition to this CAOC works closely with the Administrator, Office of Federal Procurement Policy, and the Federal Acquisition Regulatory Council to promote these business practices in the acquisition system.