Competitive Sourcing Continues to Generate Savings for Taxpayers
Source: White House news release, May 2, 2008
Competitive sourcing is producing significant savings for federal agencies, according to a report released today by the Office of Management and Budget (OMB).
The report shows that public-private competitions completed in FY 2007 are expected to yield almost $400 million in savings over the next five years. For the fourth year in a row, agencies reported an average return of over $25,000, or 25 percent, for each position studied.