“… Federal obligations for the month of March in response to the spread of COVID-19 could top $100 billion if current trends hold, an analyst said Monday on a webcast hosted by George Mason University’s Center for Government Contracting.”
“The figure is not an exact measure and could very much be more, given how the contracting spend is tabulated in the Federal Procurement Data System that tracks those obligations and the standard 90-day lag in reporting unclassified Defense Department activity.”
“Research-and-development obligations of around $748.5 million by the Health and Human Services Department is taking the lion’s share of non-defense contracting activity, according to an accompanying presentation…”
“Overall contract obligations by non-defense agencies have totaled $15 billion through March 27, which is on par with that of last year. But last week’s passage and signing of the $2 trillion CARES Act stimulus package also unlocks more funds and methods so agencies can put it to work faster.”
“The Defense Department has already tipped its hand to some extent in terms of looking to industry for prototype solutions…” Read the full article here.
Source: Coronavirus spending heating up as March comes to a close – By Ross Wilkers, March 31, 2020. Washington Technology.
