25 Mar 2025
💼New Executive Order Aims to Enhance Federal Procurement Efficiency
Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement
Summary
Executive Order 14240 focuses on consolidating Federal procurement under the General Services Administration to reduce waste and duplication, ensuring a more efficient procurement process for common goods and services across government agencies. The order aims to improve service delivery while streamlining procurement functions, re-establishing the agency’s original purpose for better management.
Agencies
- Executive Office of the President
Business Impact
$$ - Med
The Executive Order emphasizes consolidating Federal procurement through the General Services Administration, which can lead to streamlined purchasing processes for businesses and potential cost savings. This consolidation is aimed at eliminating inefficiencies that could impact suppliers and contractors.