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Tag Archives: working capital fund

Admin Officials on Agencies’ Individual Working Capital Funds for IT Upgrades

The Modernizing Government Technology Act passed in 2017 requires federal agencies to come up with internal working capital funds to support information technology modernization initiatives and administration officials said agencies are having difficulty establishing those funds, Nextgov reported Wednesday.

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DISA’s Contracting Arm to Reduce IT, Telecom Acquisition Service Fee in October

The Defense Information Systems Agency’s contracting arm will reduce the fee it charges to clients for enterprise procurement services by start of fiscal year 2020. DISA said Monday that the Defense Information Technology Contracting Organization will implement a 2.25 percent contracting fee for IT and telecommunication services starting Oct. 1, down from 2.5 percent.

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Lisa Hershman: DoD Eyes Category Management, Logistics to Find Savings in FY 2019

Lisa Hershman, acting chief management officer of the Department of Defense, told Defense News in an interview published Friday that DoD is focusing on five key initiatives to find greater savings in fiscal year 2019. Those programs are category management; information technology and business systems; procurement of goods and services in a different manner; health care management; and logistics and supply chain acquisition.
 

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Lawmakers Urge Sens. Ron Johnson, Claire McCaskill to Mark Up Federal IT Modernization Bill

Four senators have asked Senate Homeland Security and Governmental Affairs Committee Chairman Ron Johnson (R-Wisconsin) and Sen. Claire McCaskill (D-Missouri), the committee’s ranking member, to mark up a bipartisan bill that would allow federal agencies to establish their own working capital funds to upgrade their information technology systems. The lawmakers …

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House OKs Modernizing Government Technology Act

The House on Wednesday passed by a voice vote a bipartisan bill that would authorize federal agencies to create their own working capital funds to update their information technology systems, Nextgov reported Wednesday. Rep. Will Hurd (R-Texas) and other lawmakers introduced on April 28 the Modernizing Government Technology Act that would …

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