Federal agencies are taking advantage of market research for big dollar procurements, but are missing those opportunities for smaller contracts, an Oct. 9, 2014 Government Accountability Office (GAO) report says.
All 28 contracts GAO reviewed included some evidence of the market research conducted. The contracts GAO reviewed were pulled from the Defense Department, Homeland Security Department, Federal Aviation Administration and the Transportation Department.
The market research conducted on the 12 higher dollar contracts GAO reviewed tended to be more robust and include more techniques that involved outreach to vendors, such as issuing requests for information to industry. That helped promote competition, the report says.