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Obama Overhauls Government Contracting Rules

Law360 (March 4, 2009, 12:00 AM EST) -- President Obama has ordered administration officials to set new rules on government contracting, claiming that American taxpayers could save “billions of dollars” each year if the government relied less heavily on noncompetitive and cost-reimbursement contracts, among other things.

A presidential memorandum signed Tuesday calls for an overhaul of the existing government contracting system, under which spending has more than doubled since 2001 to more than $500 billion in 2008.

During that period, the memorandum said, “there has been a significant increase in the dollars awarded without...
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