December 21, 2009

Acquisition & Contracting Improvement Plans & Pilots

The federal Office of Management and Budget (OMB) released information about its plans for acquisition and contracting reform, which are expected to "instill a new sense of responsibility when it comes to spending the taxpayer's dollars." President Obama has charged all federal departments and agencies with saving $40 billion annually by fiscal year 2011. OMB has worked with federal agencies to reduce the use of high-risk contracts for new procurements by 10% during fiscal year 2010. High-risk contracts are non-competitive, cost-reimbursement, or time-and materials or labor-hours-based.