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Changes in federal acquisition environment taking toll on vendors

Preliminary results from a Grant Thornton survey of contractors show profits, revenues and overall participation in the government market is down. The pressure from the administration's steps to reign in high risk contracts and reduce spending is having an impact on most contractors. The Navy, for example, is trying to be more disciplined in how it buys goods and services.

Tags: acquisition , contracting , industry , Navy , GSA , Mary Davie , Lou Crenshaw , Grant Thornton , AFFIRM , Government Contractor Industry Survey , Jason Miller , Federal Drive

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