What is FPDS (Federal Procurement Data System)?
The Federal Procurement Data System (FPDS) is a comprehensive database maintained by the U.S. General Services Administration (GSA) that contains detailed information about federal government procurement activities. FPDS is a critical tool for tracking government spending and procurement trends, providing transparency and accountability in federal contracting. It serves as the primary source of procurement data for the federal government, offering insights into how taxpayer dollars are being spent.
Key Features of the Federal Procurement Data System
Purpose and Functionality
FPDS is designed to collect, maintain, and disseminate data on federal procurement activities. It captures information about contracts awarded by federal agencies, including contract values, types, awarded vendors, and the goods or services procured. This data is vital for government oversight, policy-making, and ensuring compliance with federal acquisition regulations.
Data Accessibility
- Public Access: FPDS data is publicly accessible, allowing businesses, researchers, and the general public to analyze federal procurement trends and identify opportunities for contracting with the government.
- Reporting and Analysis: Users can generate reports and conduct analyses to gain insights into federal spending patterns, contractor performance, and agency procurement strategies.
Compliance and Reporting
Federal agencies are required to report procurement actions to FPDS, ensuring a centralized record of government contracting activities. This helps maintain transparency and supports efforts to monitor and improve federal procurement practices.
Integration with Other Systems
FPDS is integrated with other government systems, such as the System for Award Management (SAM) and USAspending.gov, enhancing its utility for tracking and managing federal procurement data.
