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The Federal Procurement Data System (FPDS) is a single source for US government-wide procurement data. [ 1 ] The Federal Procurement Data Center (FPDC), part of the U.S. General Services Administration , manages the Federal Procurement Data System (FPDS), which is operated and maintained by IBM . [ 2 ]
The Department of Defense announces contracts valued at $7 million or more each business day at 5 pm. [2] All defense contractors maintain CAGE (Commercial and Government Entity) Codes and are profiled in the System for Award Management (SAM). [3]
With $48.666 billion in business with the U.S. federal government, Lockheed Martin, based in Bethesda, Maryland, is the largest U.S. federal government contractor. The Top 100 Contractors Report (TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement.
July 24, 2012 began Phase I of a consolidation of federal government systems used for contracting to SAM (System for Acquisition Management). On that date, users were no longer permitted to enter new information into the CCR or the other systems being migrated in Phase I to allow sufficient time for their data to be migrated to SAM.
Federally funded research and development centers (FFRDCs) are public-private partnerships that conduct research and development for the United States Government.Under Federal Acquisition Regulation § 35.017, FFRDCs are operated by universities and corporations to fulfill certain long-term needs of the government that "...cannot be met as effectively by existing in-house or contractor resources."
In federal government contracting, the specific regulatory authority is required for the Government's agent to enter into the contract, and that agent's bargaining authority is strictly controlled by statutes and regulations reflecting national policy choices and prudential limitations on the right of federal employees to obligate federal funds.
[2] [3] OFPP provides overall direction for government-wide procurement procedures and "to promote economy, efficiency, and effectiveness in acquisition processes." OFPP is headed by an Administrator who is appointed by the President and confirmed by the Senate. [ 4 ]
IDIQ contracts are frequently awarded by various U.S. government agencies, including the General Services Administration (GSA) [6] and Department of Defense. [7] They can be in the form of multi-agency contracts under the Government-Wide Acquisition Contracts (GWAC) system, or they may be government agency-specific contracts. [8]