Monday, March 15, 2010

Virginia Business Interviews Centennial About ARRA

Robert Burke from Virginia Business magazine recently analyzed stimulus funds in Virginia to see where the money went and what it was used for. He interviewed Centennial and one of its subcontractors, Pool’s Window and Doors Service, about work performed in Virginia through stimulus funds. In “The Big Fix” Centennial described how its use of IDIQ (indefinite quantity/indefinite delivery) contracts is quicker than your average delivery method at getting projects started and relies on hundreds of local subcontractors.

What has been missing in the ARRA funds is the contracting methods allowing the dollars to get to the local, small businesses. This is a challenge for local communities and could be why it is hard to see the funds actually showing up in the local markets across the US. That is why Job Order Contracting (JOC) is a great fit with the ARRA funding. It allows for open, best value, competitive bidding on an umbrella program and from that point out the funds can be driven to the local communities and mainly to the local subcontracting base.

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