New York City to undergo procurement reform

New York City is set to revamp its procurement process, with a goal of saving US$500 million over the next four years.

Initiated by New York Mayor Michael Bloomberg and Deputy Mayor Stephen Goldsmith, the government effort will seek to modernise its ‘back-office operations’, focusing on the Department of Citywide Administrative Services.

"We're looking at all of the areas where we could produce a higher quality government for less cost, and none is more relevant, particularly in the short term, than procurement," Goldsmith said.

"In a period when demand for services exceeds the dollars available, we have an obligation to wring every dollar out of our procurement practice while enhancing the quality of what we're procuring."

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