Easy access to all the Government news updates

Subscribe and receive personalized news articles straight in your inbox

*By clicking "Join us now" you agree to receive emails, promotions and general messages from ExecutiveGov. In addition, you also agree to ExecutiveGov's Privacy Policy and Terms & Conditions.

x
/

BGov: Federal Spending on 8(a) Competitive Awards Hit $8.56B in Fiscal 2017

1 min read

Federal agencies obligated $8.56 billion for competitively awarded contracts during fiscal 2017 through a program that is set aside for socially disadvantaged businesses, Bloomberg Government reported Monday.

The figure reflects a 24 percent increase in competitive awards under the 8(a) program since fiscal 2011, according to the report.

Contracts awarded through competition under the 8(a) program surpassed federal spending on sole-source contracts that reached $8.55 billion in fiscal 2017, which represents an 18 percent drop since fiscal 2011.

BGOV said the move from sole-source toward competitively awarded contracts is driven by congressional rules on large sole-source contracts and adoption of best-in-class and category management programs.

The report noted that federal obligations for competitive and sole-source awards through the 8(a) program reached $17.1 billion in the previous fiscal year.

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about Acquisition & Procurement

Leave a Reply

Your email address will not be published.