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Wednesday, January 04, 2006

Labor to conduct A-76 competition for financial systems operation

"The Labor Department will conduct a study to see if certain functions within its financial accounting office, including IT system support, should be outsourced to the private sector or kept in-house.

In a recent notice, the agency said it is planning a standard competition under Office of Management and Budget Circular A-76 for finance and accounting services. Under A-76, agencies compete inherently commercial federal positions with the private sector.

The tasks that could be outsourced include general accounting, collections and account receivables, payments, reconciliations and reports, travel and financial systems support. "

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