The Office of Federal Procurement Policy (OFPP) recently issued guidance on the subject of measuring the timeliness of federal procurements.
In government acquisition circles, this measurement is typically referred to as PALT or procurement administrative lead time.
Simply put, PALT is the time between the date on which an initial solicitation for a contract or order is issued by a federal department or agency and the date of the award of the contract or order.
Now, OFPP has issued a guidance memorandum that provides:
- a common definition of PALT, and
- the steps agencies can take to incorporate modern business practices that shorten the time between identification and delivery and reduce PALT in acquisition activities.
Acquisition officials can view the OFPP memo on the Acquisition Gateway at: https://hallways.cap.gsa.gov. The memo is also viewable at in the Federal Register at: https://www.federalregister.gov/documents/2020/01/21/2020-00783/procurement-administrative-lead-time-palt.