OMB: 2006 competitive sourcing could save government $1.3B

Public/private competitions in fiscal 2006 could save the government about $1.3 billion in the next five to 10 years as competitive sourcing pushes agency employees to become more efficient, according to the latest results in the Office of Management and Budget's competitive-sourcing report.

The estimated total savings based on the 1,243 competitions completed between fiscal 2003 and 2006 could reach about $6.9 billion in five to 10 years and yield about $1.1 billion in savings annually, the report states. Officials believe savings will continue to grow as agencies conduct more competitions and apply cost control and other performance improvements to more commercial activities, the report states.

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