Lowest price will no longer rule the day in federal contracting at the Defense Department, as the latest iteration of its procurement strategy recognizes the need for industry to to make money, said Deputy Defense Secretary Ash Carter in a speech Thursday.
In comments made at D.C.-based Center for Strategic and International Studies, Carter was referring to Better Buying Power 2.0, the Pentagon’s effort to be more efficient and productive in the way the department buys goods and services.
The first version, introduced by former Defense Secretary Robert Gates in September 2010, sought to increase affordability in defense programs, provide incentives for productivity and innovation in industry through profit and partnership, promote competition, improve the effectiveness of services acquisition and reduce nonproductive processes and bureaucracy.
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