On April 3, 2025, the Office of Management and Budget (“OMB”) issued two Memoranda (Memos) regarding the use and procurement of artificial intelligence (AI) by executive federal agencies. The stated ...
The Office of Management and Budget (OMB) has released new guidance in the push to consolidate federal procurement activities. The guidance, which expands on Executive Order 14240, aims to reduce ...
Federal procurement policy is often a laughingstock — and for good reason. Stories of the government paying for $10,000 toilet seats, $1,200 coffee cups and $16,000 minifridges abound. Waste, ...
Kevin Rhodes, an advisor in the White House Office of Management and Budget, said the FAR revamp effort is intended to hasten procurement and increase competition for government contracts. August 25, ...
The president's order stated that “since its inception, the FAR [Federal Acquistion Regulation] has swelled to more than 2,000 pages of regulations, evolving into an excessive and overcomplicated ...
On August 15, 2025, the Office of Federal Procurement Policy (OFPP) under the White House's Office of Management and Budget (OMB) announced a historic update to the Federal Acquisition Regulation (FAR ...
The MarketWatch News Department was not involved in the creation of this content. RESTON, Va., Dec. 11, 2025 /PRNewswire/ -- The National Contract Management Association (NCMA) is pleased to announce ...
The White House will rewrite regulations executive agencies use to acquire supplies and services. The Office of Federal Procurement Policy, which is within the White House’s Office of Management and ...
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