December 21, 2009 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. Download the Report . . .

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Acquisition & Contracting Improvement Plans & Pilots

December 21, 2009 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. Download the Report . . .

Want To Read More? Log In Or Become A Paid Member
Resource Available For Paid OPEN MINDS Circle Members Only
Not a paid member? Don't miss out! Sign up today and receive unlimited organizational access to all OPEN MINDS strategic advice, market intelligence, and management best practices – over 250,000 resources!
If you are already a paid member, log in to your account to access this resource and more. If you are a free member, you will need to upgrade to a paid membership before accessing this resource.

If you are not yet a paid member, learn more about the OPEN MINDS Circle Market Intelligence Service Membership on our website, reach out to our team at info@openminds.com, or call us at 877-350-6463.