Government-wide acquisition contracts (GWACs) consolidate purchasing across a number of federal government agencies and encourage long-term vendor agreements with fewer vendors. GWACs have become commonplace vehicles for federal clients purchasing a vast array of products and services. GWACs sell information technology products and services to agencies. The issue surrounding GWACs hit the burner over the summer, when several agencies met to form a joint force to manage GWACs going forward. While the concept was embraced by some in government who feared losing control of their GWACs, contractors feel that there are too many hoops to jump through and that opportunities for small business are limited.
Why it matters to the GovCon space?