Summary: 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
