For those outside of the acquisitions community, the practices, policies and processes of federal procurement can seem quite impenetrable. But given that the US Government spent more than $665 billion on contracts in 2020, it is not a subject to be ignored.To that end, The Buzz with ACT-IAC  presents: Demystifying Procurement - a series designed to take you through the ins and outs of this complex, but vital, topic.In this episode, host Colin Larsen interviews Lesley Field, Acting Administrator for Federal Procurement Policy at OMB, where she guides the office to provide government-wide direction to promote economy, efficiency, and effectiveness in acquisition processes. Lesley takes us on a crash course through the procurement process and talks about ways the government is trying to modernize and streamline the process to make delivery of services more efficient.Demystifying Procurement Series:Episode 1 - A Brief History of Government Contracting with Jim NagleResources:OMB M-22-03 OFPP "Mythbusting" Memo 3Periodic Table of Acquisition InnovationSubscribe on your favorite podcast platform to never miss an episode! For more from ACT-IAC, follow us on LinkedIn or visit http://www.actiac.org.Learn more about membership at https://www.actiac.org/join.Donate to ACT-IAC at https://actiac.org/donate. Intro/Outro Music: See a Brighter Day/Gloria TellsCourtesy of Epidemic Sound(Episodes 1-159: Intro/Outro Music: Focal Point/Young CommunityCourtesy of Epidemic Sound)

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