Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement

Document overview

Summary

Section 1 . Policy. The Federal Government spends approximately $490 billion per year on Federal contracts for common goods and services—the types of goods and services purchased by nearly every executive department and agency (agencies)—making it the largest buyer of goods and services in the world. As a matter of sound management, these standardized procurement functions should be carried out in the most efficient and effective manner possible for the American taxpayer. The General Services Administration was established in 1949 through the Federal Property and Administrative Services Act, 40 U.S.C. 101 et seq., to provide “an economical and efficient system”…

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