NEW YORK — Usually it takes months or even years for the U.S. military's acquisition process to play out. But recently, the Air Force managed to gobble up more than 200 acquisitions in just one week.
On average, the Air Force awarded a contract and made the first payment via government credit card swipe in 15 minutes. The fastest happened in just three minutes. Prior to Pitch Day, the fastest service contract award took three months. "We tried to find any mechanism in the government's toolbox at our disposal that could get an industry partner cash the day we decided they deserve it," he said."The government credit card was the only way we found in the regulations that govern the way we do acquisition.""And for those that think the credit card is a gimmick, well, they need to come down and work with companies for whom money matters," he added.
Source: News Formal (newsformal.com)
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