February 11, 2009 6:00 PM
- Text
Oklahoma Moves to Make State Purchasing More Flexible
(MoneyWatch) The Oklahoman reports that the legislature is working on legislation to make state purchasing more flexible. Right now all contracts over twenty-five thousand dollars are executed by the Central Services Department. They would like to concentrate on larger contracts. State agencies with a "trained purchasing staff" would be able to do contracts up to $100 thousand. The state would also like the Central Services Department to negotiate broad contracts for use by all parts of the state government. The changes make sense as it should reduce the costs to evaluate and award contracts. Unfortunately the possible negative is that the departments will need some oversight to prevent "pay-to-play" or sweetheart contracts being awarded. In Washington D.C. for example in the past a city department head got in trouble as he would break up contracts being awarded to his friends into small enough amounts that the City Council did not have to review them. Of course most government, and private company, procurement rules are based on the contractor and those awarding it being ethical.
Latest Now in MoneyWatch
- Ohio unemployment hits 3-year-low
- Jill on Money: Retirement investing, allocation, long term care
- Could "web-lining" be dangerous?
- Insurers respond cautiously to contraceptive plan
- Judge: Legally, breastfeeding not related to pregnancy
- Budget deficit drops to $27 billion in January
- Why the Powerball Jackpot is part of my investment strategy
- Is the new VW Beetle diesel worth the money?
- Consumer sentiment highlights risks to recovery
- Valentine blues? 10 best cities to be single
- December trade deficit widens to $48.8 billion
- Alcatel-Lucent returns to profit in 2011
- 6 things never to say in a performance review
- $26B mortgage deal: Who gets the money?
- Friendly's CEO steps down
- Quarterly loss hits $3.3B at Postal Service
- Greeks rail against cuts as EU demands more
Latest CBS News Headlines
on Facebook
on CBS News
- Reactions to Whitney Houston's death
- Colaiacovo scores in OT to lift Blues over Avs 3-2
- Whitney Houston's voice will never be forgotten
- Turkmenistan votes in presidential election
on Facebook
- Adele sings a cappella for Anderson Cooper
- Occupy protestors kicked out of CPAC
- CPAC: Will Sarah Palin spring a surprise?
- Beyonce and Jay-Z post first photos of Blue Ivy Carter
on CBS News






