The Defense Department is centralizing how it manages more than $150 billion a year in service contracting.

The Pentagon expects the long-awaited policy, released Jan. 5, 2016, to provide better oversight, authority and control over ever-growing services procurements.

DoD is creating new “expert” positions to preside over each of the services sectors. Undersecretary of Defense for Acquisition, Logistics and Technology Frank Kendall will appoint the positions.

The policy also moves acquisition authority approval from the Office of the Secretary of Defense to the military acquisition chiefs for services contracts worth more than $1 billion.

Keep reading this article at: http://federalnewsradio.com/acquisition/2016/01/dod-unveils-long-awaited-service-contract-policy/