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OMB cutting, revising $337 million worth of IT contracts

By Ed O'Keefe

By The Post's Ed O'Keefe and Marjorie Censer:

The Office of Management and Budget on Wednesday plans to announce the cancellation or restructuring of three multiyear information technology contracts totaling $337 million, according to senior administration officials.
The changes are part of the Obama administration's budgetary and management reforms designed to cut billions of dollars in wasteful and no-bid government programs and contracts.
According to the OMB, the Environmental Protection Agency plans to save $180 million and the Department of Housing and Urban Development will pocket about $44 million by restructuring two long-term IT contracts. The Small Business Administration should save $113 million by canceling a contract.

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By Ed O'Keefe  | September 14, 2010; 10:57 PM ET
Categories:  Contracting, From The Pages of The Post  
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