Defense Contracts: Better Monitoring Could Improve DOD's Management of Award Lead Times : Government Accountability Office (GAO) , March 14 , 2024
Defense Contracts: Better Monitoring Could Improve DOD's Management of Award Lead Times : Government Accountability Office (GAO) , March 14 , 2024
From the report: "The length of time between when an agency solicits offers from potential contractors and the date it awards a contract is known as the procurement administrative lead time (PALT). GAO found that median award lead times, or PALT, generally decreased from fiscal year 2019 through fiscal year 2022 for Department of Defense (DOD) contracts and orders valued above $250,000. This suggests that DOD has realized some contracting efficiencies since 2018 when it began collecting data to measure PALT. However, PALT varied by characteristics such as total contract value, contracting approach, contract type, extent of competition, and the type of product or service procured. For example, median PALT values increased by 70 days over the four-year period GAO reviewed for DOD contracts and orders valued over $50 million."
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