It’s no secret that government agencies ramp up their spending at the end of every fiscal year as they aim to exhaust available funds before they expire. However, this year is bound to lead to even more bid opportunities than usual for companies like yours.
“Federal agencies are trying to spend as much as 40 percent of their budgets in the final two months of the fiscal year.”NextGov
Contracting experts at The Pulse claim …
In a short seven weeks, they will obligate billions of dollars to suppliers of all sizes, in all categories in a spending spree “of potentially historic proportions”. (An additional $80 billion was recently allocated for defense agencies, while an additional $63 billion was allocated to civilian agencies on top of originally approved budgets)
So, get ready! Agencies will be aggressively issuing solicitations, evaluating proposals and negotiating contract terms between now and September 30.