There was a small drop in Federal contracting in the 1st quarter of FY 2025. How come? What’s it mean for the year?
1Q FY23 saw posting of 35,000+ new opportunities on SAM.gov, while1Q FY24 had less than 34,000 listings. Although the Biden administration rushed to finish their desired contracting efforts, we believe this decline is due to operating under the Continuing Resolution, rather than a decrease in “federal contracting volume”.
Furthermore, it appears that the new administration will expand contracting efforts in construction, office relocation, updates to information technology, expanded use of “AI”, and defense spending.
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Tom Johnson, COO