Hello, Guest!
  • Wednesday, December 25, 2024

Report: Federal Contract Spending Rose by 6% Annually From FY 2014-2018


Federal contract spending has increased by 5.8 percent per year in the past five fiscal years driven by agencies™ rising use of simplified acquisition procedures and governmentwide procurement contracts, Bloomberg Government reported Wednesday.

Contract spending in FY 2018 reached $560B, according to the report.

Federal agencies obligated $15B on government acquisition contracts in FY 2018 to procure information technology products and services, up from $13B in FY 2017.

The report noted that agencies spent approximately $34B more on indefinite-delivery contracts than on definitive contracts in FY 2018.

Video of the Day

Related Articles

Amy Spruill Appointed Regulated Industries Practice Lead at SAP North America Executive Moves

Amy Spruill Appointed Regulated Industries Practice Lead at SAP North America

Amy Spruill, a technology industry executive, has assumed the roles of senior vice president and managing director for U.S. regulated industries at SAP North America. In this capacity, Spruill oversees business operations, strategy, revenue performance and client relationships in the U.S. as head of the regulated industries practice, which supports federal, state and local government

Carmen Krueger Named Regulated Industries Lead for SAP North America Executive Moves

Carmen Krueger Named Regulated Industries Lead for SAP North America

Carmen Krueger, who served as the first general manager of cloud business at SAP’s National Security Services subsidiary, has been appointed to serve as senior vice president and managing director for the regulated industries sector of SAP North America. Her appointment is effective Monday and she will also support the software provider’s public sector growth

Google Unveils Public Sector Division News

Google Unveils Public Sector Division

Google has launched a new division to help U.S. federal, local and state government agencies and educational institutions advance their digital transformation efforts and bring its Google Cloud technology platforms to public sector organizations. Will Grannis, head of the office of the chief technology officer at Google, will lead Google Public Sector until a permanent