Fed. procurement overseer
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Fed. procurement overseer :
Government agencies are responsible for collecting and reporting data on federal procurements through the Federal Procurement Data System–Next Generation (FPDS-NG).
The federal government uses the reported data to measure and assess the impact of federal procurement on the nation’s economy, learn how awards are made to businesses in various socioeconomic categories, understand the impact of full and open competition on the acquisition process, and to address changes to procurement policy.
Contracting Officers (COs) must submit complete reports on all contract actions, as required by the Federal Acquisition Regulation (FAR).
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