A Look At The Numbers: 2015 Government Contracting Annual Report
Source: JD Supra Business Advisor, Article written by Tony Franco, published August 5, 2015.
Some very interesting data, trends, and analysis of government contracting, which should be of interest to government contractors, was published in a recent report by the National Contract Management Association (NCMA) and Bloomberg Government (Bloomberg).
Some of the data should come as no surprise to firms seeing how U.S. government contracting dollars continue to be declining. According to the report, titled “Annual Review of Government Contracting, 2015 Edition,” contract spending will likely continue to fall due to budget caps and the continuing military drawdown in Afghanistan.
The report contains some other interesting data. Of all of the states in the country, Virginia has experienced the most federal contract spending, increasing to nearly $1 billion in 2014 over 2013, despite the decrease in federal procurement dollars. California, Texas, Maryland and the District of Columbia were second, third, fourth and fifth, respectively. On the contractor side, Lockheed Martin remains the number one contractor, followed by Boeing, General Dynamics, Raytheon, and Northrop Grumman. Nine of the top ten are DOD contractors, according to NCMA/Bloomberg. MORE…
The NCMA/Bloomberg report provides a better understanding of the government contracting market. Contact your nearest PTAC
to prepare for the next government fiscal year.
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.