New York City will work with with SmartProcure, a national repository of 58 million purchase orders from more than 2,200 federal, state, and local government agencies, to reduce procurement costs and foster better purchasing decisions, city Comptroller John Liu said.

According to Ari Hoffnung, deputy comptroller of budget and public affairs, the city could save more than $100 million annually if better procurement data reduces the city’s $11 billion contracts budget by merely 1%.

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