2. Procurement Rules and Practices

Procurement policies should go thru a Cost-Benefit Analysis

The Federal Government is always interested to implement activities which are "Best Practices" in the Private Sector. I would like to suggest that one of these "Best Practices" is the Cost-Benefit Analysis (CBA). In the Private Sector, whenever a new policy is being considered, a CBA is performed to evaluate whether to proceed with the new policy. Unfortunately, a CBA was never performed for the Federal Strategic Sourcing Initiative (FSSI) program which would determine whether the "Costs", which should include the Economic & Social Costs of Job Loss, exceed the "Benefits" or savings. Without such an analysis, there is no way to be certain that the FSSI may be doing more harm than good for Small Businesses and the U.S. Economy.



9 votes
Idea No. 14