Case Study: The Federal Acquisition Streamlining Act Of 1994

THE FEDERAL ACQUISITION STREAMLINING ACT OF 1994 Many people recognized that the procurement process had become very complicated, so a presidential commission was founded to come up with plans to modify the acquisition systems. These plans became the foundation for the Federal Acquisition Streamlining Act (FASA) of 1994. FASA sought to tweak acquisition in three general areas. First, it intended to lessen unique purchasing perquisites. Second, it attempted to increase the use of streamlined acquisition procedures for high-volume, low-value procurement. Lastly, it attempted to attain goods and services quicker to lessen the in-house cost of doing business. When it comes to lessening unique purchasing requirements, you’re talking about streamlining the need for contractors to present certified cost and pricing data, which is dreadfully time-consuming and a thorough description of the cost that the

This means agencies didn’t have to go out and re-compete the complete requirement among the entire pool of possible contractors in the private sector, but limit it to the contract holders of the multiple-award contract. This confirmed to be a much more efficient and simplified process. The use of the multiple-award contract has developed ominously since FASA was passed and it’s one of the main forms of contracting used in the government today. FASA was created as a response to a rising concern that the federal government was not able to access the latest commercial technologies, being able to take advantage of the commercial marketplace in terms of access and pricing for goods and services and competing. So, it basically restructured procurement and fashioned preferences for commercial item acquisitions. After FASA, there was a much greater reliance on commercial, off-the-shelf products, not having unique government specifications, and saving the government tons of money over the