We have completed an in-depth study of State procurement procedures and have found significant opportunities for improved efficiencies to save the state a significant amount of money. Deficiencies found included an appalling lack of competitive bidding on contracts (55 percent of all open contracts and 73 percent of personal services agreements did not have competition), a lax approach to the waiver process which is intended to allow exemption from seeking competition, and a lack of desire in securing knowledge transfer to state employees. Implementing the changes contained in our findings may save the state, and the taxpayers of Connecticut, an estimated $174 to $264 million annually.