And it is indeed a happy new year for federal contractors who were positioned to pounce on “Use it or Lose it” spending. While weexecuted a last minute proposal for $525k that was chump change in the grand scheme of things.
In fact, 49,199 contracts were awarded in the last 10 days for $6,452,379,288.03 and we still have until 11:59pm. With an average of $131,148.59 per contract, there more than are a few party poppers going off right now. The best part is many of these contracts are only partially funded, that means even more funds coming on these fine wins over the next few months.
FY2011 is looking like another banner year for federal contracting with significant opportunity in construction, facilities management, Information Technology, cloud computing and security. Other areas that will be gaining steam are telecom, furniture and supply.
Hot Initiatives for 2011
Green- LEEDs certification, energy savings and alternative energy sources will be huge in 2011. Read GSA announcement here. If you haven’t embraced green technologies, you had better get on board. Make sure your GSA schedule is up to date with new technologies.
Emergency Response- With the 10 year anniversary of 9/11 approaching, hurricanes, blizzards and earthquakes, emergency response and preparation will be a key focus of expenditures in 2011. Make sure you have registered with FEMA’s contracting registry, click here https://www.fema.gov/doing-business-fema.
In-sourcing- The pendulum has swung firmly into government labor growth. That means anything to do with people in buildings is growing. Staffing agencies, furniture, phones, computers, software, security and office supplies are going to increase significantly in 2011.