As the 2014 calendar year draws to a close there are three important facts about the federal market that contractors not only need to understand, but evaluate in terms of what they mean for their business. Read more
Over 21% of all federal spending now flows through Multiple Award Contracts (MAC’s), and dominates the IT sector, according to a new report issued by Bloomberg Government. MAC’s continue to grow in popularity as the government looks for ways to reduce acquisition lead times and because of new legislation requiring task orders of $100 million or Read more
The General Services Administration released a Request for Information (RFI) last week seeking input from contractors on a solution that will provide federal buyers with tools they need to identify proposals that may contain counterfeit products, financial red flags or other factors that throw into question bids that may be unrealistically low. The intent of developing such a Read more
Ok, so everyone knows that Congress finally passed spending bills for most of the government before it left town last week. What does that mean to you? 1. Don’t Expect Your Customers To Have Their Budgets Yet: It takes time after Congress passes a spending bill for OMB to work with each agency and for money to be properly programmed. Figure on mid-to late January before each organization has its final numbers. 2. $1.1 Trillion Isn’t As Big As It Sounds: Read more
In response to consistent contractor complaints, the Department of Defense is conducting a review of the use of Low Price Technically Acceptable (LPTA) contracts. While industry has raised concern over the past three years that LPTA is being misused, DOD leaders believe that this is merely anecdotal information based on a handful of cases. Nevertheless, Randall Culpepper of the Air Force was recently tasked with overseeing a more thorough examination of LPTA. Read more