The Office of Management and Budget is directing federal agencies to streamline procurement, including a 7% cut in spending on contracts by the end of fiscal 2011. OMB also wants agencies to reduce their non-competitive and high-risk contracts by 10% by 2010. OMB Deputy Director for Management Jeffrey Zients told a Senate panel on Oct. 28 that the changes could save $40 billion annually.
Procurement: OMB Outlines Changes To Save $40 Billion
November 4, 2009