The Chief Acquisition Officers Council (CAOC) was established pursuant to Section 16 of the Office of Federal Procurement Policy Act, as amended. The Council consists of a diverse group of acquisition professionals in the Executive Branch established to provide a senior level forum for monitoring and improving the federal acquisition system. The Council promotes effective business practices that ensure the timely delivery of best value products and services to the agencies, achieve public policy objectives, and further integrity, fairness, competition, and openness in the federal acquisition system.