Executive Order 14240: Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement

What the order contains

Section headings exactly as they appear in the official text.

• Sec. 1. Policy
• Sec. 2. Definitions
• Sec. 3. Procurement Consolidation
• Sec. 4. General Provisions

Section 1, quoted from the order

Verbatim text from the signed document. These are the words of the document, not SaveYourState’s.

The Federal Government spends approximately $490 billion per year on Federal contracts for common goods and services--the types of goods and services purchased by nearly every executive department and agency (agencies)--making it the largest buyer of goods and services in the world. As a matter of sound management, these standardized procurement functions should be carried out in the most efficient and effective manner possible for the American taxpayer. The General Services Administration was established in 1949 through the Federal Property and Administrative Services Act, 40 U.S.C. 101 et seq., to provide ``an economical and efficient system'' for the core procurement services for agencies (40 U.S.C. 101). […]