“Federal agencies’ total spend for COVID-19-related purchases has cooled in the past month, decreasing by over $1 billion due to changed contract awards, according to data obtained from the Federal Procurement Data System (FPDS).”
“On June 8, FPDS data showed $15.5 billion worth of COVID-19 related contracts entered into by Federal agencies since February. On July 6, nearly a month later, FPDS data shows the total spend at $14.1 billion, with over 1,400 transactions entered into the database with negative dollar amounts.”
“The transactions with negative dollar amounts come from changed transactions and modifications of original contracts.”
“For example, on April 3, the Department of Veterans Affairs (VA) signed a contract for $33.2 million of personal protective equipment (PPE) N95 masks. A little over two months later, on June 17, VA modified the contract to a $3.9 million award – reducing its value by over $29 million…” Read the full article here.
Source: Federal Agencies’ Spending on COVID-19 Contracts Cools – By Dwight Weingarten, July 7, 2020. MeriTalk.
