COVID-19 Spend Rises to $6.9 Billion for Fed Agencies

Federal money spending government

Federal agencies and departments have spent more than $6.9 billion on COVID-19 related contracts since February – spending more than a billion dollars in the past week.

CDM Central is going virtual for the June 2020 Conference Learn More

According to figures from the Federal Procurement Data System (FPDS), over 80 agencies and departments have signed more than 4,700 coronavirus-related contracts since February. Over 350 of the COVID-19 contracts are related to information technology. Agencies and departments had spent a total of $5.7 billion one week ago.

 

The largest contract was an April 8 deal for over $646 million in ventilators between a company based in Massachusetts and the Department of Health and Human Services (HHS). The same office signed a $551 million deal a week later for more ventilators with a Nevada company.

The Department of Veterans Affairs (VA) continues to be the most frequent buyer, with over 2,100 purchases for a total of over $1 billion. The Department of Health and Human Services (HHS) had the second most transactions with over 600, but the greatest total spend of over $4.2 billion.

The company First Nation Group has the most coronavirus-related contracts with 46. The company produces medical equipment and is a Woman-Owned, Service-Disabled Veteran Owned Small Business, according to the contracts. The business does not appear to be owned by members of Native or Tribal Nations.

Categories

Recent