The value of competitive contracting
Healy, Pamela A.
Sok, Sang Won
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In the environment of shrinking budgets, there is a trend toward competitive contracting. Research indicates that the government can achieve significant cost savings from competition among industry. This paper will determine how much cost savings could be achieved. It will also analyze numerous contract-related Government Accountability Office reports and provide a summary of the Better Buying Power initiatives. This paper will also identify circumstances that prohibit full and open competition and patterns where competition is most successful. Finally, this paper will provide recommendations to assist federal executives in maximizing competitive contracting and provide the knowledge needed help achieve mandates for improved efficiency and reduced costs.
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