It is a great idea and the time for it is ripe: Rebuild the nation’s government procurement process to make it leaner, less expensive, more efficient and more fair. President Obama is going to have Peter Orszag, Director of the White House Office of Management and Budget, work with cabinet and agency officials to create a new way for the government to buy what it needs and he estimates that by doing so, he can save the taxpayers some $40 billion a year. According to the White House, the new contracting rules, which will have to be developed by the end of September, would make it harder for contractors to cheat taxpayers while making some half-trillion dollars in federal contracts each year more accessible to independent contractors.
The Take for Small Business
That last part, making some half-trillion dollars in federal contracts each year more accessible to independent contractors, hints that small businesses will receive a larger piece of the federal procurement... [Read Full Article]