New York/Washington | Consulting firms have offered to cut back US government contracts, limit price rises and shift to performance-based fees, after the Trump administration demanded they prove taxpayers were getting value for money.

Three of the 10 large consultancies that faced a Monday evening (Tuesday AEDT) deadline to submit money-saving proposals offered a menu of options that could cut at least $US15 billion ($24 billion) of federal spending over the coming years, according to a person familiar with the submissions. The remainder would be calculated over the coming days.

Loading…

Financial Times


Leave a Reply

Your email address will not be published. Required fields are marked *