Federal agencies tend to spend the most money on contractors the week after a continuing resolution and the week before the end of the fiscal year, according to the latest data set released by the Treasury Department’s Fiscal Service Data Lab.
The team at the Data Lab are on a quest to make federal spending data more accessible, in terms of physical access to the data, as well as making it easier for people to understand.
“We believe that data plus use equals value and want to inspire others to use USAspending data to create their own value,” said Daniel Cain, director of data transparency at the Fiscal Service. “These new tools help to answer these interesting but complicated questions and shows the power of the data available on USAspending.gov.”
The first data sets and visualizations went live in April. The team released a new data set and analysis breaking down federal contract spending from 2007 to 2018.
Keep reading this article at: https://www.nextgov.com/analytics-data/2018/07/heres-what-treasurys-data-lab-found-10-years-federal-contracting-data/149832/
The Federal Information Technology Acquisition Reform Act, or FITARA, enacted in 2014, requires covered agencies’ chief acquisition officers to identify IT contracts for the chief information officers to review and approve. However, GAO found that nearly 30 percent of those contracts were not identified appropriately in 2016.
