Tuesday, January 16, 2007

Performance-based acquisitions down in fiscal 2006

The government slipped slightly last year in making performance-based purchases, according to fiscal 2006 federal procurement figures.

Departments slid to 49 percent, down from 50.9 percent in fiscal 2005, the Federal Procurement Data System-Next Generation found.

The decline amounts to a $5.6 billion difference from fiscal 2005. The government used $72.3 billion of eligible dollars in fiscal 2006, compared with $77.9 billion in 2005, according to the data, which is updated through Dec. 12, 2006.

Read rest of the story: FCW.com News - Performance-based acquisitions down in fiscal 2006

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