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You are here: Home / Government Contracting News / For DOD, trust may be the key to cost savings

July 20, 2012 By AMK

For DOD, trust may be the key to cost savings

In a time when defense officials are hunting everywhere for savings, a new study has found what might be the missing element that could save the Defense Department billions of dollars: Trust.

DOD’s distrust of defense contractors has led to the creation of a significant bureaucracy, according to several university researchers, who released a report in May. DOD currently spends $400 billion each year acquiring products and services from its contractors. About $100 billion of the money is spent on administrative costs, according to the study, based on interviews with 80 defense contractor executives.

Keep reading this article at http://washingtontechnology.com/Articles/2012/07/12/efficiency-dod-contractor-relationship.aspx?p=1 

Filed Under: Government Contracting News Tagged With: best value, Better Buying Power, budget, budget cuts, DoD, industrial base, negotiations

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