EO 14240
Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement
Government ReformEconomy & Trade
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Summary
This executive order consolidates federal procurement of common goods and services under the General Services Administration (GSA) to eliminate waste and duplication. It requires federal agencies to submit proposals within 60 days to transfer their domestic procurement of standardized items to the GSA, and directs the GSA administrator to develop a comprehensive consolidation plan within 90 days.
Key Points
- 1Directs the GSA to centralize procurement of common goods and services currently purchased separately by multiple federal agencies, noting the federal government spends approximately $490 billion annually on such contracts
- 2Requires federal agencies to submit proposals within 60 days for transferring their common goods and services procurement to the GSA where legally permitted
- 3Designates the GSA administrator as the executive agent for all Government-wide information technology acquisition contracts and directs rationalization of redundant IT contract vehicles
- 4Requires the GSA administrator to submit a comprehensive consolidation plan to the Office of Management and Budget within 90 days
This summary is for informational purposes only. It may not capture all nuances of the executive order. Always refer to the official text for authoritative information.
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