I watched a Bloomberg webinar earlier this week about the fourth quarter spending plans for the US Government. I’ve always known that there is usually money left over in the budget that ends up being spent in a flurry in the government’s fourth quarter. The Federal Government procurement system is a very peculiar system for those that are not used to it. This webinar went into a lot of detail regarding which agencies have money left over, why and how they might spend it. For any government contractor that is interested in finding opportunities in the fourth quarter, it might already be too late this year but the webinar could provide hints on what to do in order to position a government contractor for future fourth quarter frenzies.
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The House and Senate Armed Services Committees are currently looking into suggestions on how to "fix" the Defense Department Procurement system. Industry groups, such as the National Defense Industry Association (NDIA), have been asked to submit suggestions to the committees by this month to be considered for the 2016 Defense Authorization Bill. There has been a lot of talk on how to make the system better over the years but most people think that the system has become more cumbersome and somewhat less effective over the years. Many argue that the taxpayer is not getting the best value for their money. That is hard to argue when you see so many defense programs over budget and late in delivery (The FA-22 & F-35 aircraft are two good examples that come to mind). So what will make this attempt to "fix" the system any different from past attempts? According to Rep. Mac Thornberry (R-Texas) the committee is interested in why current laws and regulations didn't work as intended, not in adding new regulations. Rep. Thornberry is currently overseeing the House Armed Services Committee looking into defense procurement reform.