What is FPDS?
What is FPDS?
FPDS, also known as FPDS NG, or the Federal Procurement Data System, is the central real-time database for government contracting transactions. The system is meant to ensure trust and transparency in federal spending. FPDS is the most comprehensive and definitive source for government contracting transparency data, although it does not contain all awards (we’ll touch on that below). The award information in FPDS is used by the President, Congress, GAO, and other agencies to form policy decisions and to report on trends.