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The US Government Accountability Office posted in June 2024 that the federal government committed about $759 billion in contracts in the 2023 fiscal year, a roughly $33 billion year-over-year ...
However, federal procurement is much more heavily regulated, subject to volumes of statutes dealing with federal contracts and the federal contracting process, mostly in Titles 10 (Armed Forces), 31 (Money and Finance), 40 (Protection of the Environment), and 41 (Public Contracts) within the United States Code.
With $48.666 billion in business with the U.S. federal government, Lockheed Martin, based in Bethesda, Maryland, is the largest U.S. federal government contractor. The Top 100 Contractors Report (TCR 100) is a list developed annually by the General Services Administration as part of its tracking of U.S. federal government procurement.
The United States Government sets aside contract benefits for companies considered to be "Service-Disabled Veteran-Owned Small Business" (SDVOSB). [1]The most notable of these contracts are the Veterans Government-wide Acquisition Contracts (VETS-GWAC) [2] issued in accordance with Executive Order 13360, [3] which is designed to strengthen federal contracting opportunities for SDVO firms.
In less than three weeks, President Donald Trump and Elon Musk have upended the federal workforce, firing top officials, grinding billion-dollar agencies to a halt and convincing tens of thousands ...
Since President Trump signed an EO to rid the government of DEI programs, the administration says 395 workers have been placed on leave and around $420 million in related contracts have been canceled.
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