Federal Procurement Data System (FPDS)

The Federal Procurement Data System (FPDS) is a government database that tracks all contracts and purchase orders made by federal agencies. It collects information on spending, the companies involved, and the types of goods and services procured. This system helps ensure transparency and accountability in government spending by allowing the public to access data about how taxpayer money is being used. It is essential for analyzing government procurement trends and ensuring compliance with laws and regulations related to federal contracting.