PALT in OFPP's crosshairs

The Office of Federal Procurement Policy is putting a new emphasis on helping agencies reduce their Procurement Administrative Lead Time. “PALT” is the time it takes between when an agency issues a contract solicitation and when it actually makes a contract award. And there’s good reason to focus on PALT: According to a new analysis by Bloomberg Government, the average lead time increased 72% over the last five years. BGOV’s Paul Murphy led the data analysis project, and he joined the Federal Drive to talk more about the rise of PALT.