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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

June 13, 2016 By AMK

18F struggles to cover its costs

18F is currently spending an average of more than $1 million per month more than it recovers from the use of its personnel and programs.

18F at GSAOn the heels of a contentious inspector general audit that revealed the Obama administration’s tech-consulting team 18F may have caused a data breach, another investigation — this one by the Government Accountability Office — will shine a light on 18F’s finances.

The unit, which operates on a fee-for-service basis, has struggled to balance revenue and spending since its founding in 2014 and is currently facing a projected fiscal 2016 shortfall of nearly $15 million, according to a draft GAO audit.

Nextgov has reviewed parts of the draft report. GAO is expected to present its findings to the House Oversight and Government Reform Committee during a hearing later this month.

General Services Administration Press Secretary Ashley Nash-Hahn said the agency has not received the draft report from GAO and could not speak about its findings.

Keep reading this article at: http://www.nextgov.com/cio-briefing/2016/06/18f-tech-team-struggles-balance-its-books-soon-be-released-report-shows/128780

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

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