Smaller Contracts On Tap For 2013
October 14, 2012
The new contracts agencies plan to put up for competition in the coming year will be significantly smaller than in past years, a new analysis has found.
The top 20 contracts anticipated for fiscal 2013 represent a potential $92 billion worth of business over their lifetimes — 38 percent less than the value of last year’s top 20, which totaled $149 billion, according to a report by Deltek market researchers released last week.
“Certainly, 2013 and 2014 are looking to be kind of the low point in the cycle that we’re in of declining spending,” said Kevin Plexico, vice president of Deltek’s federal information solutions. “We think it will pick back up after that.”