Top Trends in Federal Procurement
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Trends in Federal Procurement Introduction
The year 2017 seems to be one setting in significant changes both in the political and economic scenes. Every other person who has even the slightest interest in current global trends understands that these two issues relate to each other at a very high level. The political atmosphere in the United States is known to greatly affect not only the local, but also the world economy. With a new president taking seat this year, the economic ripple effect will undoubtedly not go unnoticed. To add more significance to this is that the new president (Donald Trump) is by far an economist, greatly contrasting the nation’s history
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This wave could well be attributed to the ongoing implementation of what is known as Small Business Jobs Act of the year 2010.
It is important to also note that with President Trump in power, more focus will be placed on small businesses owned by Americans as beneficiaries of federal government procurement. This comes within the background of Trump’s policy of capitalizing first on the ability of Americans to benefit from their own products. Though this will otherwise spell doom for big corporations with branches extending beyond American soil, it will mean an overall advantage to the locals who according to Trump are the real drivers of the country’s economy.
Though most policies do not separate benefits that could possibly be achieved by small businesses from large ones, it is expected that an increasing number of small businesses take the stage in the award of important contracts in the year 2017 and the years to come. One area where small businesses will have undisputed opportunity of being awarded contracts is in the Treasury. Through the Treasury Bureau Small Business Specialist, small businesses classified under legal and economic scopes will have an opportunity of landing single contracts worth over a hundred and fifty thousand dollars each.
In a forecast of contract opportunities for the year 2017, the government
The United States government is the largest single purchaser of goods and services in the world. Even during times of economic hardship, the US continues to dump billions into the private sector. The federal procurement spending rate of growth has surpassed the rate of U.S. inflation every year, since 2000. With annual federal procurement budgets of more than $400 billion, it is no surprise that the competition for government contracts has increased tremendously. Consequently, more and more companies are trying to get a piece of the action. When these companies adhere to all of the required regulations and statutes, they expect their proposals to be evaluated and the contract awarded in
Byun, K. & Frey, C. (2012). The U.S. Economy in 2020: Recovery in uncertain times. U.S. Economy
a. The U.S. Federal government features a main legal requirement to purchase supplies as well as services on a competing and effective basis. Nevertheless, the U.S. Government has additionally applied via the procurement procedure particular guidelines to promote socioeconomic goals. Programs happen to be developed to supply elevated contracting possibilities to small-scale, small-disadvantaged, women-owned-and-run small-scale, HUBZone small-scale, veteran-owned small-scale, and service-disabled veteran-owned small-scale companies. Companies should also adhere to ancillary specifications arising beneath numerous laws and also Executive Orders (A/OPE, 2011).
Sequoia and Kings Canyon National Park were both established between the 1890s and 1940s. Both National Parks are located in the southern east of California. In Sequoia National Park, it covers over 400,000 acres making it at least one of the largest parks in America. Moreover, it is also famous for the giant trees it produces. For example, the Giant Forest, which is located within Sequoia park.
I believe the purpose of the stories of The Canterbury Tales is for religious reasons and to encourage virtuous behavior by using issues that people have had since the beginning of time or at least since Adam and Eve ate the forbidden fruit in the Garden of Eden. In,”The General Prologue,” the Pilgrims asked the Pardoner to tell a moral tale but before he starts he tells his audience how fake and greedy he is. He talks about what some refer to as the seven deadly sins of which he is guilty of most of those if not all, and even more bold tells his audience how fake the contents of his bag is and is still arrogant enough to ask for money. Unfortunately; there are plenty of examples this type of hypocrisy is still in existence today. In,
The United States, one of the most powerful nations in the world, was founded less than two hundred and fifty years ago. Since 1776, the year when the thirteen original colonies ratified the Constitution, three cornerstone ideas have been the drivers of the country’s progress-- Life, Liberty, and Pursuit of Happiness. Found in the Declaration of Independence, which was written by Thomas Jefferson, these three concepts have been crucial in the lives of all Americans throughout the existence of this nation. Liberty, which includes personal and economic freedom, was the main reason why the colonies decided to break away from the United Kingdom in the eighteenth century. The U.S. went through many economic booms, various recessions, and several major economic depressions throughout its history. Yet, here it is, mostly unscathed and in full glory, still dominating the world stage in economic and foreign affairs. However, in the past two-three decades, the economic conditions have changed adversely, especially for the younger generations. It is an undeniable fact that the consumer and labor markets have undergone tremendous adjustments, partly due to people’s changing lifestyles, as well as globalization. According to Janet Yellen , the U.S. Federal Reserve Chairwoman’s, statement to Congress, the “[country’s] financial conditions have worsened” and the United States economy has become “less supportive of growth” in recent years (Web). The combination of these various factors and
Summary: The end of 2016 had 2% economic growth, that continues to slowly grow. The growth of economy means that there is an increase of goods and services. President Trump has tried to make proposals, such as the growth of GDP (gross domestic product), but many of these proposals seem to possibly cause a trade war. A trade war would have a bad result for America, because of the cost it would cost the economy, government and taxpayers. The slower growth of the economy has different explanations, like the “internet bubble,” but no sure answer. Trump’s more bigger plans for economy growth is to invest in new automated plants, worker training, fuel growth and retraining should improve long-term productivity, helping with more mass production.
I chose this article Free Exchange because it is about our new Presidential Donald Trump and his administration. I wanted to get a glimpse of what the upcoming year may have in store for us. This article touches on a variety of the topics that we have discussed in class throughout it. It talks about GDP from chapter 21, inflation and deflation from chapters 22, 25 and 29, the labor force from chapter 22 and several others are mentioned.
The United States is the leading economy across the globe and experienced several tribulations in the recent past following the 2008 global recession. Despite these recent challenges, there are expectations among policymakers and financial experts that the country will experience solid economic growth. Actually, financial analysts have stated that the U.S. economy will be characterized by increased consumer spending, increased investments by businesses, reduced rate of unemployment, and reduction in government cut. Some analysts have also stated that the country’s economy will strengthen in 2014 with an average of 2.7 percent or more. However, these predictions can only be understood through an analysis of the current macroeconomic
As you all know, the United States of America is undergoing the most severe economic period since the Great Depression of the 1929-1933. Like then, the current economy is linked to several internal concerns, but is also influenced by several external features, mostly revealed by its economic relationships with the various international partners. At this level, it is necessary to understand the national economy as the intersection of national politics, national economic affairs, but also global politics and economy. Today, in the era of globalization, not the United States or another country, can live and function in an isolated context.
The Small-Business bill was created to help out small businesses. The bill includes tax-breaks and a thirty billion dollar small-business lending fund. Congress is hoping that this will create more job openings because the businesses must hire a certain amount of people off the unemployment line. This will insure the percentage of people that are unemployed to decrease. The bill would raise new-business expense deductions from
In 2008 the world experienced one of the largest economic crisis, next to the great depression of the 1930’s. The meltdown revealed the instability of the US banking system and led to the bankruptcy of investment firm Leimen brothers, and collapse of worlds largest insurance company AIG, which triggered a global financial crisis. International share prices tumbled, causing 30 million people to become unemployed and doubling the US debt. It was the start of a global recession and it was not an accident.
Throughout society there are many elements that can affect an individual’s life blamelessly, an economy is one of the most significant influences in an individual's life. Although the performance of the economy isn’t always present in an individual’s thought process indefinitely, it plays a key role in almost any decision one makes. The purpose of conducting this research is to place heavy emphasis on the gruesome financial crises that took place in the time period of December 2007 and ended June 2009, the disastrous financial crisis is notoriously known as The Great Recession of 2008. By analyzing and identifying The Great Recession of 2008 it allows us to fully gauge the validity of the crisis and the effects it had on the
An exploration into any newspaper today is likely to talk about a subject that will have an impact on the economy. Be it immigration, health care or education. Being born and spending my childhood in a country that has huge political instability and a lack of interconnectedness and economic disparity between villages and towns has allowed me to witness the full effects of the failure of poor macroeconomics regulation. Such economic challenges combined with heavy regulation, poor transparency and lack of response to terrorism, it should come to no one’s surprise that such an environment creates a lack of foreign investment. As a result, this experience has led me to develop a keen interest in economics at a young age.
In the year 2015, the global economy has suffered and pushed through many hurdles. In the first quarter, the American economy made a painstakingly slow progress in many places, while still dealing with other key players in the global market that had potential to hurt the markets even further. Greece and China have both caused lots of worry throughout the world; Greece not using the Euro as their currency could have hurt the market, as well as China’s government devaluing their own currency, causing a ripple effect throughout other markets. World trade itself has shrunken, adding new fire to the already blazing financial crisis at hand. Some would even argue that the first and second quarter of 2015 were the worst performing quarters that the world has seen in a very long time.