Canada's ministers of finance and procurement have given officials in charge of most federal contracting 45 days to come up with a plan to review all existing and planned federal contracts to find ways to save money.

The directive made by Finance Minister François-Philippe Champagne and Public Works and Procurement Minister Joël Lightbound is the latest cost-savings directive from the federal cabinet as Prime Minister Mark Carney looks to cut government operating spending by 15 per cent over the next three years.

It came in a letter sent on Thursday to the deputy minister of public services and procurement, as well as the chief information officer and senior officials at the Treasury Board and Shared Services Canada.

Lightbound and Champagne say the plan should include a process for

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