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The Standard Procurement System initiative began in 1994 with a directive from the Director of Defense Procurement to standardize the then approximately 70 acquisition systems in use on a single platform. In August 1996, the SPS contract was awarded through a competitive process to American Management Systems.
A new Federal Acquisition Regulation (FAR) policy, published October 1, 2003 (Circular 2003-016, FAR case 2002-018), requires that all federal contractors register in the CCR database prior to the awarding of any contract or purchase agreement.
MCHS is a five-year, indefinite delivery/indefinite quantity, multiple-award contract for commercial-off-the-shelf computer systems, including ruggedized and non-ruggedized desktops and laptops, as well as servers and other associated computer equipment and accessories. [1]
A sole-source procurement activity is where a contract is offered to known vendor(s) instead of conducting open competition, and the resulting contract is known as a sole-source contract. FAR Part 6 specifically forbids sole-source contracting when it is due to a lack of advanced planning.
As an alternative to procurement contracts under the FAR, federal agencies may carry out research and development (R&D) or prototype projects by entering into a transaction (other than a contract, grant, or cooperative agreement) under their specific "other transaction" (OT) authority. [46]
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.
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Government procurement regulations normally cover all public works, services and supply contracts entered into by a public authority.However, there may be exceptions. These most notably cover military acquisitions, which account for large parts of government expenditure, and low value procurement