The innovative FPDS-NG system allows for millions of procurement transactions from across the federal government to be recorded and reported upon in real-time. Federal procurement systems previously relied on batch interfaces to provide procurement data to FPDS.
The Office of Federal Procurement Policy Act, as amended, 41 USC 401 et seq. requires the Administrator for Federal Procurement Policy to establish a computer-based Federal Procurement Data System for collecting, developing, and disseminating procurement data to the Congress, Executive Branch, and private sector. The Federal Procurement Data Center (FPDC) oversees the operation of the Federal Procurement Data System - Next Generation (FPDS-NG). Global Computer Enterprises (GCE), the General Services Administration (GSA) contractor, currently located in Reston, Virginia, operates and maintains the FPDS-NG.
(FAR 4.602) Executive departments and agencies are responsible for collecting and reporting procurement data to FPDS-NG as required by Federal Acquisition Regulations (FAR). The Government uses the reported data to measure and assess the impact of Federal procurement on the nation’s economy, the extent to which awards are made to businesses in the various socio- economic categories, the impact of full and open competition on the acquisition process, and other procurement policy purposes.
FPDS-NG contains data that the Federal Government uses to create recurring and special reports to the President, Congress, Government Accountability Office, Federal executive agencies, and the general public. It is extremely important that data contained in FPDS-NG is accurate, complete, and submitted in a timely manner. Data that passes validation rules is not necessarily accurate. As an example, NAICS 111111 is Soybean farming. While this code will pass all validations, there is a good chance that this is not what you are buying. It is incumbent on the Contracting Officers and Agencies to assure the accuracy of all information submitted.
Office of Federal Procurement Policy (OFPP) requires that each Agency certify annually that all data is valid and complete.