LearnFederalContracting.com
Government procurement is big business -- over $200 billion is spent annually for products and services.
Now is a good time to get in on the action in the federal marketplace. While competition has long been
recognized as a prudent business practice, there is renewed emphasis, today, on competition within the federal government.
In 1994, the Federal Acquisition Streamlining Act (P.L. 103-355) was signed by the White House. This landmark legislation
calls for major revisions in the federal procurement laws for all civilian and defense agencies. Although the legislation
will significantly change the way the government does business, the provisions in the new law will be implemented by regulations
which are currently being written. While we do not know how the final Federal Acquisition Regulations (FARs) will be drafted,
we do know the key areas of changes in the laws governing the procurement of goods and services.