Procurement: OMB Outlines Changes To Save $40 Billion

11/04/2009

Text size: A A

The Office of Management and Budget is directing federal agencies to streamline procurement, including a 7% cut in spending on contracts by the end of fiscal 2011. OMB also wants agencies to reduce their non-competitive and high-risk contracts by 10% by 2010. OMB Deputy Director for Management Jeffrey Zients told a Senate panel on Oct. 28 that the changes could save $40 billion annually.

----- Advertising -----

View This Week's Magazine | Go to Magazine Archives | Subscribe to ENR | Order Back Issues

----- Advertising -----

ENR's Top Lists

ENR attempts to bring structure to an otherwise huge and chaotic industry by performing annual survey and ranking companies engaged in general contracting, specialty contracting, engineering, architecture, planning and studies. View all.

ENR's Source Books

ENR publishes various sourcebooks each year which rank design firms, contractors participating in our surveys in almost fifty separate market sectors, giving them an opportunity to demonstrate their particular areas of expertise. View all.