NASA is currently on schedule for time and cost with its James Webb Space Telescope, but could slip off schedule if it continues to use outdated risk analysis methods and drain its schedule reserves, says a March 24 Government Accountability Office report.
The House Armed Services Committee released a highly anticipated bill that is meant to streamline the Defense Department's acquisition process and better train it's procurement officers. The legislation would focus on four areas of the acquisition process: workforce training, chain of command, streamlining reporting requirements and overall acquisition strategy.
A U.S. District Court judge sentenced a former Postal Service station manager to nearly four years in prison after he exchanged USPS contracts for bribe payments, says a March 24 USPS inspector general statement.
The chairman of the House Small Business Committee introduced a bill that would include more categories for small businesses to get federal contracts.
Contractors will now be able to rate their transactions with federal agencies to help those agencies better the procurement process, says OFPP Administrator Anne Rung in a March 18 memo. OFPP will use a tool called Acquisition 360, which Rung says is the first ever transaction-based feedback tool that allows agencies to identify strengths and weaknesses in their acquisition processes, according to the memo.
Nearly half of the largest federal contractors in fiscal 2014 also received grants, allocated tax credits from the federal government, says a new report from the nonprofit organization Good Jobs First. Along with the half that received grants or tax credits, among the largest 100 for-profit federal contractors, 30 received loans or bailout assistance.
The Army has signed on to use the General Service Administration's governmentwide blanket contract for professional services, called OASIS, says a March 16 GSA statement.
Federal agencies spent more than $500 billion on contracted products and services in 2012, but that number might not be completely reliable, says a March 11 Congressional Budget Office report. Contract spending is up from 15 years ago as a total portion of federal spending, the report says.
A federal appeals court ruled Tuesday that purchases made using the General Services Administration Schedules must still follow regulations for commercial items under the Federal Acquisition Regulation.
In the last three months, the Office of Management and Budget says it has made progress in overhauling the federal government's acquisition system. OMB has built stronger vendor relationships and started implementing streamlined acquisition categories, says Office of Federal Procurement Policy Administrator Anne Rung in a March 6 blog post.