Would you be interested to know that federal agencies spent $27.3 million last year on peanut butter and related products? Contracts for peanut products were among the 50,000 procurements, with a total award value of $272 billion, that the government awarded in FY14, the 12 month period ending Sept. 30, 2014.
Those facts, among others, are presented in a report released a few days ago by GovTribe, a small, Arlington, VA company whose mission is to make federal contracting information more accessible.
Among the highlights in GovTribe’s report are:
- Contracts for services — as opposed to products — made up 35 percent of the contracts and 65 percent of the total dollar value.
- 40% of procurements were closed in October 2013 or September 2014. The total value of contracts closed in just these two months was $103 billion – 38% of the dollars awarded for the year.
- Second only to the Defense Department units, the Dept. of Health & Human Services awarded the highest dollar value of contracts. Third-ranked was the VA.
- 11% of contract awards were small business set-asides, amounting to $30.3 billion.
- Total obligated dollars for the fiscal year will likely be closer to $400 billion, once all accounted.
To see the full report, visit: http://govtribe.com/blog/2014/10/21/fiscal-year-2014-in-review.
