The federal acquisition management is the act of directing and governing the procedures of procurement of a government. This is important in ensuring quality goods and services are delivered and competent employees are hired across all the departments or ministries in the government. Federal acquisition manages the following solutions and services; technology, motor vehicle, travel and transportation, procurement, goods, and services. Planning a contract, forming a contract and administration of the contract are the major activities of the federal acquisition management. In a government, federal procurement regulation ensures all the federal acquisition rules and regulations are followed. Below are the importance of federal acquisition regulation.
A government procurement management facilitates issuing of tenders and contracts to the right candidates. The government acquisition regulation will come up with the standards that a company or person must attain in order to be given a government 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.
The federal procurement management is important in controlling corruption. 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 government acquisition management will thoroughly check the quality of goods and services offered to the government. Before acquiring motor vehicles, technology equipment, systems and other facilities, the federal acquisition management will ensure they meet 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. This enables the managers to have a rough ides and come up with a budget on the amount of money they are expected to incur. The procurement management is, therefore, able to choose the companies which have not exaggerated their prices.
The government acquisition management awards contract penalties. The federal procurement management has the responsibilities of investigating the companies suspected of bribery and corruption and slapping them with heavy penalties.
This is the importance of government acquisition management.