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You are here: Home / Government Contracting News / 18F expects to break even in 2019, looks to show value

September 19, 2016 By AMK

18F expects to break even in 2019, looks to show value

18F, the Obama administration’s tech-consulting team that came under scrutiny in early summer after a Government Accountability Office report revealed it was burning through more cash than it collected, is on pace to break even by 2019.

18F at GSADave Shive, acting commissioner of the Technology Transformation Service, which houses 18F within the General Services Administration, told an audience Tuesday 18F “expects to be cost recoverable” by 2019, in line with GAO’s best-case projections.

Shive lamented “no startup is profitable on day one,” and GSA’s cadre of tech talent—many of whom come from Silicon Valley and other tech hubs—is barely two years old, yet he admitted it’s been challenging to measure 18F’s value beyond the taxpayer dollars and cents Congress worries about.

Keep reading this article at: http://www.nextgov.com/cio-briefing/2016/09/18f-expects-break-even-2019-looks-show-value/131502

Filed Under: Government Contracting News Tagged With: 18F, acquisition reform, fee for service, GAO, GSA, IG, innovation, OIG, procurement reform, technology, Technology Transformation Service, TTS

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