Section 743 of Division C of the Fiscal Year 2010 Consolidated Appropriations Act, P.L. 111-117, requires civilian agencies to prepare an annual inventory of their service contracts. A service contract inventory assists an agency in better understanding how contracted services support the mission and operations and whether the contractors’ skills are utilized in an appropriate manner.
All service contracts over $25,000 awarded by the Social Security Administration for a Fiscal Year (FY) are included in the service contract inventory. The summary inventory lists the top ten product service codes by total dollar value from the inventory and special interest product service codes identified by the Office of Management and Budget.
Information from these inventories helps agencies determine how contract resources are distributed and can help an agency determine if its practices are creating an over-reliance that requires increased contract management or rebalancing to ensure the government is effectively managing risk and getting the best results for the taxpayer.