Cost Avoidance Methodology

When
20 Aug 2020
11:00 AM

cost

Join Adam Soderholm on August 20th 11am Eastern - Cost avoidance is one of the key performance indicators used to measure the impact of category management initiatives are having across the federal government. The governmentwide Professional Services Category (PSC) has found that agencies avoided more than $91 million in administrative costs in FY 2019 by using GSA Schedule, an existing Tier 2 governmentwide contract, rather than standing up a new contract or making open market purchases.

In Fiscal Year 2017, the PSC developed an analysis of cost avoidance for the One Acquisition Solution for Integrated Services (OASIS) contracts. That methodology showed that agencies can avoid approximately $12,250 per task order by using this Best-in-Class suite of contracts. In FY19, avoided $4.9 million in administrative costs by using OASIS for the professional services requirements. Learn more about these methodologies and how using an existing government wide contract is one cost avoidance measure that leverages administrative efficiency and frees up existing agency resources to focus on mission critical work

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