The General Fund Enterprise Business System (GFEBS) is a web-based platform that has been awarded a potential five-year, $445.8 million contract by the U.S. Army to provide support services. This contract was won after receiving only one offer for the cost-plus-fixed-fee contract and was announced on Tuesday by the Department of Defense.
The GFEBS system is designed to process financial and procurement data and related transactions across the Army enterprise, while also providing military users with access to and sharing of data. The work locations for this contract have yet to be determined, but funding will be obligated upon the award of each task order. It is expected that the contract work will continue through May 12, 2029.
Learn more about the latest developments and priorities in the U.S. Army at the Potomac Officers Club’s 9th Annual Army Summit on June 13. Military officials, government leaders, and industry executives will be sharing their most urgent priorities, strategies, and solutions to their toughest challenges. Click here to register and be a part of this important event.
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