Report: Spending up on multiple-award contracts
July 27, 2012
Federal procurement spending through multiple-award contracts increased 4 percent last year, despite an overall drop in contract spending, a new report by Bloomberg Government shows.
Multiple-award contract spending hit $132 billion in 2011, according to the report, which Bloomberg released Thursday.
MACs, which include the General Services Administration’s federal supply schedules, enable agencies to hold a competition among a pre-selected pool of vendors for each order.
Total federal contracting, however, dropped slightly — less than 1 percent — from $534 billion in 2010 to $530 billion in 2011, according Bloomberg.