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What is modernizing federal procurement for?

Modernizing federal procurement is to streamline and improve the purchasing process for government agencies.

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Government agencies and organizations that engage in federal procurement are required to file modernizing federal procurement.

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The purpose of modernizing federal procurement is to increase efficiency, transparency, and competition in government purchasing.

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Information such as the goods or services purchased, price paid, supplier information, and contracting method must be reported on modernizing federal procurement.

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