Tag Archives: Level-3 compliance
Recently, Mark Amtower showed the statistics in the decrease of spending in the GSA SmartPay program. Spending dropped approximately 3 billion dollars and 20,000 transactions in FY 2012 compared to FY2011. Are you suffering from lowering buying from the government? If so, how do you offset this? It’s time to look at your expenses. The first place to look is at your credit card processing expenses.
As discussed extensively in this blog, providing level 3 data can reduce your expenses… Read More »
A memo released by the Office of Management and Budget (OMB) on December 5, 2012 focused on continuing to new direction on federal procurement practices. As OMB’s Deputy Director Jeffrey Zients notes in his Dec. 5 memo, “One key way agencies have saved money is by pooling their spending, either by centralizing the agency’s contracting decisions or by using government-wide strategic sourcing vehicles, in order to lower prices and reduce duplication and reduce administrative costs.” Building on established… Read More »
An excellent article recently published on Centre Knowledge, the official blog of a government consulting services firm Centre Consulting, discussed the regulatory and compliance hurdles contractors must overcome to remain ahead of the competition. The author, Eric S. Crusius, Esq. highlighted the importance of allocating more resources to government compliance and how this can lead to greater profits in the long run for contractors.
The author specifically speaks of two distinct areas of compliance with the Service Contract Act (SCA)… Read More »
Taking the Government Budget Conundrum Head On, How Contractors Can Maintain Profits in a Challenging Environment
A well known reality among government contractors is the anticipated decline in government spending during the next few years with the goal of shrinking the federal deficit, which is expected to exceed $1 trillion for a fourth straight year.
According to a recent MarketWatch article, a Bureau of Economic Analysis indicated that “government consumption expenditures and investments (goods and services the government buys directly) have fallen at a 2.8% annual rate since the stimulus began… Read More »