The Federal Government is the world’s largest buyer of goods and services, and the success of the Federal acquisition system directly impacts the ability of agencies to meet their missions and the degree to which contracting can act as a catalyst to support critical public priorities, such as equity and stewardship. In FY 2021, agencies spent over $630 billion through contracts for goods and services with over 120,000 business entities, supported by nearly 40,000 Federal contracting officers and hundreds of thousands of program managers, contracting officer’s representatives, and other acquisition professionals. Over the last decade, the Federal acquisition community has made significant strides in moving away from a decentralized system where local buying offices were largely left to research the market and manage acquisitions on their own.
Today, agencies follow category management stewardship practices for over $425 billion in common requirements, where business intelligence for different types of common needs is shared across the Government, saving taxpayers over $60 billion. Procurement innovation initiatives, supported by improvements in technology and training, are reducing acquisition cycle time and have shifted the workforce’s orientation from compliance to outcomes. Federal agencies are now working together to advance equity in procurement practices, including the President’s goal to increase awards to small, disadvantaged businesses (SDBs) to 15% by FY 2025. This enterprise approach enables the Federal procurement system to adapt and adjust in a coordinated manner to meet Government-wide objectives, such as the Administration’s goals to advance domestic manufacturing. Federal agencies have transformational opportunities to work together on structural and foundational improvements to support the Federal acquisition workforce and further advance the capacity of the Federal procurement system.
Create a diverse and resilient Federal marketplace.
Ensure interoperability and sharing of acquisition data and tools.
Build our best by developing an inspired, engaged acquisition workforce.
Success Metrics: Under development, with input from Federal agencies