Biden-Harris Administration Announces the “Better Contracting Initiative” Strategy
Source: Crowell
On November 8, 2023, the Biden-Harris Administration announced the Better Contracting Initiative (BCI), a four-pronged initiative to ensure that the federal government is getting the best terms and prices when purchasing goods and services. The federal government purchases billions of dollars’ worth of goods and services each year; however, the Administration is concerned that agencies pay inconsistent prices and often more than market price. The BCI strategy is to improve how federal agencies procure innovative technologies and leverage data to make smart buying decisions by utilizing the following four steps as detailed below.
Leveraging Data Across Agencies to Get Lower Prices and Better Terms
The Office of Management Budget (OMB) is launching a centralized data management strategy to strengthen acquisition and enhance market and supply chain intelligence, by sharing and analyzing acquisition data across the federal enterprise. Data will be provided to agencies through on-demand tools and resources. For example, the Administration will provide a tool populated with centralized product pricing data (e.g., data on federal sales, commercial benchmarks, and information about vendors and contracts), which will allow agencies and contracting professionals to identify market and supply chain intelligence and the best value solution. Notably, this tool will also help “advance equity” by allowing agencies to search information to support a procurement decision on whether to use a small business set-aside either on an existing contract or the open market.
Negotiating Common Enterprise-Wide Software Licenses
The General Services Administration (GSA) will lead negotiations for a government-wide IT software license agreement with a large software provider. The purpose is to help reduce price variance, receive more favorable terms and conditions, capture 25% in efficiency gains, and avoid cost and time spent researching and negotiating separate individual contracts for the same common requirement.
Click HERE to read the rest of the article.
Recent Posts
See AllSource:Defense Scoop To protect military contractors from adversary cyber attacks and intrusions, the Defense Department must commit to educating, measuring and driving improvements in the digital sec
Source:EXIGER Managing foreign ownership, control, or influence (FOCI) risk is a critical concern for U.S. companies. This risk extends far beyond a national security issue; it encompasses protecting
Source: FNN The Biden administration, as part of a broader data privacy effort, is attempting to curtail foreign adversaries from gathering sensitive data on federal employees and military service mem