Monday Morning Contracting Tips
Dannie E. James Sr
JE Group LLC
Phone: 404-557-0027
Fax: 404-521-4018
www.jegroupllc.com
Among Defense agencies, the Army and Navy are the biggest 4th Quarter spenders, while the Air Force and other Defense agencies do most of their purchasing in the first quarter. Army 4th Quarter spending centered on information technology, communications equipment and technical services, while Navy 4th Quarter spending centered on aircraft and supporting technical services.
Among civilian agencies, the Health and Human Services and State Departments are the big 4th Quarter spenders, while the Veterans Affairs, Energy, Treasury and Justice Departments lead in 1st Quarter Spending. “Pharmaceuticals, medical equipment and Health IT are popular 4th Quarter purchases for HHS and VA,”.
1st
Quarter is when agencies obligate funds for core mission needs,
including Healthcare for ((the Defense Health Agency), aircraft
maintenance for Air Force, research labs for DOE, and prisons for DOJ.
This contrasts with 4th Quarter, when a surge of spending
occurs for IT and professional services as agencies scramble to expend
their remaining funds. Knowledge is key.
We
are currently in the last month of the biggest spending push of the
year for the federal government market. While many private sector
companies slow down for a long, inactive summer, the savvy government
vendors are actually going full speed ahead during the summer months
with targeted, aggressive marketing and sales campaigns to go after the
federal end of year spending rush.
There
are many things that should have been in place prior to the end of the
fiscal year, which would allowed success of your company in the federal
market. Last minute marketing will not assist in your success during the
final quarter spending. There is a saying that I believe is real “People buy from people they know” It does help if you have relationships in the federal government.
Things to ensure are in place before the End of The Federal Spending:
· Understand the Federal Government Funding Trend · Identify agencies that are buying your products and services
· Get in front of decision makers early
· Develop business development strategies
· Educate your company about direct contract award (Sole Source) and limited competition contract award
All The Best