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.
Much of the late-stage spending is on large multiple-award contracts, especially for information technology purchases. For example, about half of the spending under NASA’s Solutions for Enterprise-wide Procurement vehicle — which is available to all federal agencies for purchasing IT products — occurs in the the fourth quarter.
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To see the top 100 federal contractors in FY14, click here: Top 100 Contractors Report_FY14
