Promoting Rigorous and Innovative Cost Efficiencies for Federal Procurement and Acquisitions – PRICE Act

The PRICE Act has goals to improve Department of Homeland Security procurement, which ultimately can lead to frictionless procurement by:

  • Improving or encouraging better competition,
  • Reducing time to award,
  • Achieving cost savings,
  • Achieving better mission outcomes, or
  • Meeting the goals for contracts awarded to minor business concerns.

This council would share best practices, including "transformational commercial business practices," by meeting at least quarterly, developing and disseminating guidance.

The council—led by the federal procurement policy administrator—would include the DHS chief procurement officer and members from the General Services Administration and Departments of Defense, Treasury, Veterans Affairs, Health and Human Services, and the Small Business Administration.

e-GovMarket is a pioneer in bringing transformational commercial business practices to the federal government while incorporating security, privacy, accessibility, and document standards needed in the federal space.

Our e-commerce platforms provide solutions that allow agencies to conduct market research and search for firms by location, socioeconomic locations, and contract vehicles. By promoting small businesses, e-GovMarket promotes small business versus "gig economy" one-offs by using firms registered in SAM. Ultimately, small firms create more jobs and provide more economic security to workers.