A majority (61 percent) of public sector procurement leaders lack the resources to properly allocate and utilize federal funds to ensure compliance with the recently passed Federal Infrastructure and Jobs Investment Act (IIJA), according to an independent survey commissioned by Ivalua, a global spend management provider.
The survey included responses from 200 public procurement executives in the United States focused on budgeting and use of IIJA funds in local state and municipal governments.
Of those surveyed, 78 percent of the public procurement executives say they have already made plans for their IIJA funds, yet 61 percent say they lack the resources to properly allocate the funding. In addition, 56 percent of respondents say they lack the staff to manage IIJA funds.
When asked about the “ability to execute” on the sourcing and spending of federal funds, 70 percent of public procurement budget owners are still not fully confident their suppliers are prep
