Bob Lofeld: Busy year ahead for service contract competition

A huge number of professional services contracts are due to expire across the government during fiscal 2016. By the General Services Administration's accounting, $26 billion worth of contracts are due to run out over the next year and GSA sees it as the perfect chance to reduce some duplication in service contracting vehicles. There are thousands of them across government and consolidate that work into a smaller number of multiple-award contracting vehicles. Bob Lohfeld is CEO of the Lohfeld Consulting Group, joined Jared Serbu on In Depth with Francis Rose to talk about a busy year ahead for service contract competition.