OMB Says Better Interagency Contracting Will Cut Waste

Law360, New York (October 3, 2011, 7:12 PM EDT) -- The Office of Management and Budget issued a guidance Thursday encouraging federal agencies to share contracting information and improve interagency contracting in an effort to reduce wasteful duplication in government contracts.

The OMB guidance aims to save taxpayer money by pushing for more consistent prices in goods and services regularly purchased by the government, it said. Agencies must consider whether they can obtain goods and services through an already-existing procurement vehicle before handing out a new contract and should make better use of interagency contracts to...
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