The tool will help advance equity by enabling buyers to focus their searches on information that could support a decision to use a small business set-aside either on an existing contract or the open market. For example, the Administration will soon roll out the first iteration of a new tool that, when fully implemented, will provide contracting officers with unparalleled access to centralized product pricing data derived from federal sales and commercial benchmarks, along with information on vendors and contracts, so agencies can confidently identify a best value solution for common needs, such as laptops, servers, and office furniture and supplies. This information will be provided to agencies and their contracting professionals using on-demand tools and resources commensurate with the largest and most sophisticated buyers in the world. Improved data-sharing will strengthen acquisition in many ways from enhanced market and supply chain intelligence, to more realistic cost estimates and better solicitations. Under the BCI, the Office of Management Budget is launching a new centralized data management strategy, which will create a Hi-definition framework for sharing and analyzing acquisition data across the Federal enterprise. The Government has billions of acquisition and pricing data points, that if shared appropriately would result in significant savings for taxpayers by arming contracting officials with information that would strengthen their negotiating position with contractors. As a result, taxpayers are not getting the full benefit of the U.S. While many agencies share data within the agency to make smarter, value-based buying decisions, limited central capacity for analytics and insights has hindered the ability to compare prices and terms across agencies.
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