GovLoop [u’Gadi Ben-Yehuda’]
This article was originally posted by Michael Keegan on the IBM Center for the Business of Government Blog.
Most agencies in the U.S. government rely on products—goods and services—acquired through contracts to perform core functions, pursue agency objectives, and achieve mission success. In FY12, the federal government acquired $517 billion worth of products through contracts. Contract expenditures amount to 16 percent of total federal spending.