June 10, 2016
Contractors expect higher profits in 2016
Source: Washington Technology, Nick Wakeman, May 24, 2016
There is plenty of good news in Deltek’s latest Clarity survey of the government contracting industry, including reported increases in profits and growth, the first time both have increased in the same year.
Net profits are expected to be in the 10 percent range in the coming year and growth rates should hit 11 percent, according to the survey results. Both are up from last year’s results. The Clarity report is based on a 100-quesiton survey taken by 583 people in the government market.
In addition to increases in profits and growth, respondents to Deltek’s survey see four other major trends:
- Oversight levels out but will intensify
- Talent management remains a focal point
- Data security is a top concern
- Market diversity is seen as a key success factor READ MORE….
Challenges faced by government contractors and their customer are very similar. Contact your nearest PTAC for information about government contracting.
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.