Treasury plans auctions for $2B services contract

Treasury Department officials are opting for an unusual approach to get lower prices for information technology services in the latest version of its multiple-award contract. On May 12, officials said they plan to use reverse auctions for awarding task orders under the fourth round of its Total Information Processing Support Services Small Business (TIPSS-4 SB) indefinite-delivery, indefinite-quantity contract. Market research firm Input puts the ceiling value of the contract at $2 billion.

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