The federal government rarely seeks truly innovative solutions when it bids out new contracts, according to a report released on May 16th.

Federal market research and analysis firm Nation Analytics’ “Government Services Competitive Intelligence Report” examined 246 task orders and contracts for federal services—each worth $50 million or more—awarded across the federal landscape in fiscal 2016. It includes federal service acquisitions, such as IT, professional services and operations and maintenance of facilities, but not one-time acquisitions such as weapons systems or construction projects.

Only 35 contracts of those contracts were for new requirements, according to the report. Agencies spent the other $49 billion, or 90 percent of the federal services spend, on the recompetition of work already being performed by existing contractors.

Keep reading this article at: http://www.nextgov.com/cio-briefing/2017/05/how-much-are-agencies-spending-new-contracts/137899