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Friday, June 09, 2006

Financial Management Line of Business Migration Guidance Paves Way for Competitive Sourcing

" RESTON, Va., June 7 /PRNewswire/ -- The first formal version of the Financial Management Line of Business (FM LoB) migration guidance released by Office of Management and Budget (OMB) includes a competitive framework, favoring public-private competitions governed by the standard A-76 contracting rules established for industry, according to a report released today by INPUT, the authority on government business. Long awaited by the majority of the vendor community, the guidance was expected to offer more
formal direction and procedural explanation. Until the competition guidelines are clarified, vendors may likely find themselves filling support roles while the prime spots as LoB service providers go to federal agencies.

'The fact that OMB decided on competitive sourcing as a means to procure LoB services should come as no surprise to anyone as OMB is the main purveyor of the President's Management Agenda, of which competitive sourcing is one of the key provisions,' stated James Krouse, acting director, public sector market analysis at INPUT."

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