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FAR Council

President Donald Trump speaks during an event in the Oval Office of the White House on April 29, 2026, in Washington, D.C. (Photo by Andrew Harnik/Getty Images)

Trump orders big change to federal contracting structures

The president’s latest executive order requires agencies to shift away from cost-reimbursement contracts, making fixed-price deals the “default” approach to procurement.
Jeffrey Koses, senior procurement executive at the General Services Administration, participates in a fireside chat with Jerry McGinn, the Center for the Industrial Base at the Center for Strategic and International Studies on Feb. 4, 2026. (Scoop News Group photo by Miranda Nazzaro)

GSA procurement leader says ‘community readiness’ poses challenge to acquisition overhaul

It follows a 30% reduction in the acquisition workforce at the General Services Administration over the past year.
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