Feds often ignore market research

Published October 14, 2014 1:37pm ET



Federal agencies issue too many contracts without doing basic market research, reviewing a contractor’s prior history or its ability to deliver needed products or services, according to the Government Accountability Office.

While the agencies surveyed by GAO made an effort to research competitive prices in the market for most, but not all, contract awards over $10 million, they examined competitive industry forces in just a quarter of the sample’s lower-dollar contracts.

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