Cybersecurity is big business. According to CSO Online, $75 billion was spent on cybersecurity in 2015, and it’s projected to grow to $175 billion by 2020. Yet, the top five U.S. defense contractors have struggled or gotten out of it.
The System for Award Management (SAM) was created as a database for companies wanting to do business with federal agencies. Contract Officers use it for all types of eligibility searches. And, when it comes to government contracting, size usually matters.
At a Bloomberg webinar held earlier this week, Duncan Amos, a government contracts research expert, proclaimed federal agencies had hit the bottom in contracting dollars and brighter days were ahead. But, that presumes the 114th Congress actually passes a budget.
Two years ago, the DoD noticed something: the portion of no-bid Defense contracts was approaching 50 percent. Alarmed, the Pentagon’s chief buyer issued a memo and a manual with procedures to correct the trend. So, how’s all that been going?
Contractors have been frustrated for years because of the backlog of incurred cost audits at DCAA. Though some progress has been made, it’s still common to bump against the six-year statute of limitations. So, DoE looked for a better option.
There’s a Southern California sporting goods chain that lets runners wear shoes up to 90 days and return them for a full refund. Even if they’re worn-out and mud-caked, it doesn’t matter. Now, the Army wants to try something similar.
The possibility that the National Security Agency (NSA), aka, America’s hackers, got hacked itself is alarming. How could the world’s most elite cyber pros suffer a network intrusion? Like many such things, the truth lies a little below the surface.
We wrote about the basics of the revised mentor-protégé program a couple of weeks ago. But, some other aspects of the revisions came to light that may push contractors interested in exploring the program to act sooner rather than later.
Innovation should be one of the cornerstones of any company or industry that hopes to be around a long time. Same holds true for government agencies. With that in mind, the GSA hopes to shake up acquisition by adding bots.
In 2011, Democrats and Republicans weren’t getting along. From that turmoil arose the Budget Control Act (aka, sequestration), which was predicted to become a “plagues of locusts” kind of thing. For federal contractors, however, it didn’t turn out that way.