Procurement Reform:

Implementation of the Federal Acquisition Streamlining Act of 1994

T-NSIAD/AIMD-95-190: Published: Jul 20, 1995. Publicly Released: Jul 20, 1995.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO discussed the implementation of the Federal Acquisition Streamlining Act, focusing on the government's progress in: (1) revising the regulations needed to implement the Act; (2) establishing the Federal Acquisition Computer Network (FACNET); and (3) using government purchase cards for federal procurements. GAO noted that: (1) although the Administration has tried to revise the regulations required to implement the Act, some of the regulations will not be issued until September 8, 1995; (2) the Administration has not yet defined a FACNET architecture and implementation strategy, developed an effective industry approach, or ensured the availability of information that businesses need about FACNET; (3) businesses that accept government purchase cards are likely to be paid more quickly, since payments are made by the purchase card bank instead of the government; and (4) the Act established a new procurement category for micro-purchases, purchases of $2,500 or less, to be used in connection with government purchase cards, in order to expedite the procurement process and reduce administrative costs.

Oct 12, 2017

Oct 11, 2017

Oct 10, 2017

Sep 29, 2017

Sep 28, 2017

Sep 27, 2017

Looking for more? Browse all our products here