Georgia Tech Procurement Assistance Center

  • Home
  • About Us
  • Training
    • Class Registration
    • On-demand Training
  • Useful Links
  • Team Directory
    • Albany Counselor
    • Atlanta Counselors
    • Augusta Counselor
    • Carrollton Counselor
    • Columbus Counselor
    • Gainesville Counselor
    • Savannah Counselor
    • Warner Robins Counselor
  • Directions
    • Atlanta – Training Facility
    • Atlanta – Office
    • Albany
    • Augusta
    • Carrollton
    • Columbus
    • Gainesville
    • Savannah
    • Warner Robins
  • New Client Application
  • Contact Us

$114 billion still available for federal contractors before Sept. 30

August 3, 2010 By ei2admin

The federal government still has $114 billion in play for contract spending before the end of the fiscal year on Sept. 30, an industry analyst has concluded.

According to a report McLean, Va.-based consulting firm FedSources is set to release in the coming days, fourth quarter contracting activity will pick up significantly compared to the previous three quarters of fiscal 2010, particularly for smaller purchases.

The government’s fiscal 2010 budget included $756 billion for contracts. Ray Bjorklund, senior vice president and chief knowledge officer at FedSources and the report’s author, said fourth quarter spending is very important for the information technology community, especially for resellers whose sales are commodity-based.

The jump in spending represents demand for lower-cost purchases for which agencies might not have expected to have sufficient funds, he added. For example, government spent $776 million on computing equipment in the first quarter of fiscal 2009; that jumped to $2.5 billion in the final quarter.

According to Bjorklund, there also is an uptick in spending in the last fiscal quarter on studies and analyses for technology projects and plans, as well as IT services. “There’s a pent-up demand for IT services that can be contracted for toward the end of the fiscal year with the premise that additional money will come in next year’s appropriations,” he said. “A lot of planning [for larger and more complex requirements] starts back in March and April, and contractors have to be well-positioned to take advantage of year-end spending by working with customer requirements early in the year.”

Bjorklund stressed that it was imperative for contractors to understand government’s financial management processes and to be aware of agencies’ lead time on orders to prevent errors during the rush to spend remaining funds. “It’s really important for industry as well as government to know what the lead times are because we have an understaffed acquisition workforce in government,” he said. “If they can work in synchronization then industry won’t try to cram something down the throat of government at the last minute, raising the potential for mistakes.”

—  By Emily Long 07/30/2010 – NextGov.com

Filed Under: Contracting News Tagged With: federal contracting, government contracting, government trends, IT, market research

Recent Posts

  • Contractors must update EEO poster
  • SBA scorecard shows federal government continues to prioritize small business contracting
  • The risk of organizational conflicts of interest
  • The gap widens between COFC and GAO on late is late rule
  • OMB releases guidance related to small business goals

Popular Topics

8(a) abuse Army bid protest budget budget cuts certification construction contract awards contracting opportunities cybersecurity DoD DOJ False Claims Act FAR federal contracting federal contracts fraud GAO Georgia Tech government contracting government contract training government trends GSA GSA Schedule GTPAC HUBZone innovation IT Justice Dept. marketing NDAA OMB SBA SDVOSB set-aside small business small business goals spending subcontracting technology VA veteran owned business VOSB wosb

Contracting News

SBA scorecard shows federal government continues to prioritize small business contracting

OMB releases guidance related to small business goals

OMB issues guidance on impact of injunction on government contractor vaccine mandate

Changes coming to DOD’s Cybersecurity Maturity Model Certification under CMMC 2.0

Judge issues nationwide injunction halting enforcement of COVID-19 vaccine mandate

Read More

Contracting Tips

Contractors must update EEO poster

The risk of organizational conflicts of interest

The gap widens between COFC and GAO on late is late rule

Are verbal agreements good enough for government contractors?

CMMC 2.0 simplifies requirements but raises risks for government contractors

Read More

GTPAC News

VA direct access program events in 2022

Sandia National Laboratories seeks small business suppliers

Navy OSBP hosting DCAA overview (part 2) event Jan. 12, 2022

Navy OSBP hosting cybersecurity “ask me anything” event Dec. 16th

State of Georgia hosting supplier systems training on January 26, 2022

Read More

Georgia Tech News

Undergraduate enrollment growth reflects inclusive excellence

Georgia Tech delivers $4 billion in economic impact to the State of Georgia

Georgia Tech awards first round of seed grants to support team-based research

Georgia Tech announces inaugural Associate Vice President of Corporate Engagement

DoD funds Georgia Tech to enhance U.S. hypersonics capabilities

Read More

  • SAM.gov registration is free, and help with SAM is free, too
APTAC RSS Twitter GTPAC - 30th Year of Service

Copyright © 2023 · Georgia Tech - Enterprise Innovation Institute