The Key Elements of Great Planning

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Importance of Federal Acquisition Management

The federal acquisition management is the act of directing and governing the procedures of procurement of a government. The major benefit of the government procurement management is ascertaining that no low standards goods and services are provided and no incompetent employee is hired in all the departments of the government. Federal acquisition manages the following solutions and services; technology, motor vehicle, travel and transportation, procurement, goods, and services. The following are the major steps in the federal acquisition management; acquisition planning, the formation of the contract and governing of the contract. The federal acquisition regulation is done by a body known as federal acquisition regulation. The following are the benefits of federal acquisition management to the government and the citizens.

The government acquisition management ensures contracts and tenders are issued to the right companies and people. There are some set standards that every company or person must attain in order to become entitled to a contract or tender. The company must also avail all the registration details, previous tender information, licensing information and price expected. Age is important when issuing a tender to an individual.

Eliminating corruption is another benefit of the government procurement management. A lot of people have been sued by their respective government as a result of malpractices during the giving the tenders. In many governments, the procurement managers offer contracts and tenders to their relatives without attaining the right standards. The procurement management will ensure all tenders and contracts are given to the qualified people and companies.

The federal acquisition management ensures quality services, machines and equipment are acquired. The products and services being offered to the federal government must be checked by the federal acquisition management to determine if they are of the right standards. Without a government procurement management, a lot of managers will misuse the taxpayers’ money by giving tenders to the incompetent companies. Another duty of the government procurement management is to investigate whether there is a relation between the procurement officers and the companies which win contracts.

In order to use the right amount of money in the acquisition of goods and services, a government procurement management is important. The procurement management comes up with a plan on the amount to be used on the acquiring of goods and services before awarding tenders. The budget will enable procurement department to set aside the right amount of money. The procurement management is, therefore, able to choose the companies which have not exaggerated their prices.

The government acquisition management awards contract penalties. In case a company engages in unlawful practices such as bribery and kickbacks, the acquisition management will ensure the company will never get a government contract.

This is the importance of government acquisition management.

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