In fiscal year 2019, the US Federal Government spent $597bn on contracts. The Obama administration measured … See more

The Federal Government's authority to enter into contracts derives from the U.S. Constitution, which defines its powers. The Federal Government acts through legislation, treaties, implementing regulations, … See more

Generally, federal acquisitions begin with identification of a requirement by a specific Federal activity. A basic idea of what is needed and the problem statement are prepared and the requiring activity meets with an acq… See more

Contract administration tasks can include:
• payments (prompt payment essential) – frequently Wide Area Workflow (WAWF) is used.
• modifications and adjustments, typically done using a changes clause… See more

Allegations of waste and corruption in government procurement during wartime have led to special oversight measures being put in place. During World War II this function was provided by the bipartisan Truman Co… See more

One organization which provides a contractor perspective is the Coalition for Government Procurement (CGP), a non-profit association of commercial contractors. The CGP is based in Washington, D.C. and is registere… See more

• Conjoint analysis – useful in determining essential elements of an acquisition from a customer's perspective.
• Cost-plus contract
• Economic conversion… See more