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You are here: Home / Government Contracting News / Five-year cost of IT procurement reform estimated at $145 billion

December 2, 2013 By AMK

Five-year cost of IT procurement reform estimated at $145 billion

The Congressional Budget Office (CBO) estimates the cost to amend laws regulating how the federal agencies acquire and manage information technology projects would cost nearly $145 billion to implement for fiscal years 2014 through 2018.

That bill would use pay-as-you-go procedures for funding, and agencies not affected by annual appropriations could feel effects on direct spending, the CBO said Nov. 12, 2013.  (See cost estimate at: http://cbo.gov/sites/default/files/cbofiles/attachments/hr1232.pdf. )

Under current law, the CBO estimates the federal government spends $50 billion per year to acquire IT products and services through interagency contracts.

Filed Under: Government Contracting News Tagged With: acquisition reform, CBO, information technology, IT, procurement reform, technology, technology development

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