The Department of Defense awarded contracts to an average 30,806 small businesses each year in fiscal year 2016, 2017, and 2018. A proposed rule to update the DFARS may lead to these same businesses receiving payments from the government, or prime contractors, within 15 days of invoicing.
The proposed rule is found at 84 FR 25225. It was published on May 31, 2019 and comments close on July 30, 2019 if you’d like to put in your two cents.
GAO recently released a snapshot of 2018 fiscal year federal spending. Although it is a very high-level review, it provides some interesting information for government contractors. Among the highlights are the fact that federal discretionary spending has increased year over year and competitive contracts are becoming less common among defense agencies. GAO also identified four key high-risk acquisition areas that it is monitoring.
It’s dry stuff, but never fear, we read it for you. Here’s a quick summary of the findings.
This year marks the 50th anniversary of the Moon Landing; a feat accomplished through a massive federal government contract program. A half century later, the federal government continues to pour significant resources into space infrastructure, particularly through the Department of Defense. A recent GAO report provided a glimpse into the size and composition of the Department of Defense space contracting workforce. While GAO notes more precise data is needed, it is clear that space acquisitions continue to be supported by a robust workforce.
Hopefully those of you on the East Coast are hunkered down and ready for the historic snow storm headed your way. And since many of our readers may be having a lot of unplanned time at home this weekend, we have the perfect idea to prevent boredom: catching up on the latest and greatest in government contracts news.
In this week’s edition of SmallGovCon Week In Review, a major investigation of the AbilityOne program is underway, Guy Timberlake offers some common sense advice on multiple-award contracts, and much more.