Typically, Federal Contract Spending Increases in the 4th Quarter

Yes, There Will Be a Federal Spending Spree This Fall

During the last quarter of the federal fiscal year, agencies try to increase their contract spending.  It appears that 2015 will not be any different.

Source: Nextgov.com, Article written by Tom Shoop, published July 15, 2015

Federal agencies typically squeeze much of their contract spending in at the end of the federal fiscal year, and that trend is expected to continue this fall, analysts and agency officials said Wednesday.

Since 2009, agencies have spent an average of 32 percent of their annual contract dollars in the last three months of the fiscal year, which ends in September, Bloomberg Government analysts said at an event sponsored by the company. The event, called “The Race to the Finish,” was aimed at companies seeking to increase their government contracting opportunities. MORE…

Read the full story at http://www.nextgov.com/cio-briefing/2015/07/yes-there-will-be-federal-spending-spree-fall/117829/

The end of the fiscal year is fast approaching.  Is your business prepared to take advantage of this spending?  Find your nearest PTAC for no cost assistance with government contracting at http://www.aptac-us.org/contracting-assistance-for-business/find-your-ptac/


 

 For help with Government Contracting: contact your nearest Procurement Technical Assistance Center (PTAC). Funded through Cooperative Agreements between the U.S. Department of Defense and state and local governments/institutions, PTACs provide free and low-cost assistance in virtually all areas of government contracting.