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Tag: fiscal year-end

Show Me the Money! All the Money!

End of fiscal year 2019 spending will likely exceed that of 2018. So much so that hours are being extended for the largest Government-Wide Acquisition Contracts. (Federal Computer Week, August 30, 2019)

A few contributing factors precipitating  the uptick in spending:

  • The credit card threshold for micro-purchases increased from $3,500 to $10,000
  • A stable budget allows agencies the ideal scenario to plan and use their funding.
  • The last day of the fiscal year falls on a weekday this year. (ibid)

For instance, the National Institutes of Health Information Technology Acquisition and Assessment Center (NITAAC) expect a very busy September. They have been designated “best in class” across all three of their GWACs, which will likely bring in additional work. as extended hours in September as does the Solutions for Enterprise-Wide Procurement (SEWP). According to Joanne Woytek, manager for NASA’s SEWP,  processing systems have been updated to a High Availability System. The update took place earlier in the year and additional staff was added overall not just to respond to the additional spending in September.

NITAAC has improved its e-GOS next-generation customer ordering portal, which mirrors commercial online shopping and makes shopping easier for contracting officers. Item comparisons and photos will be part of the buying experience. The changes will be a key factor in streamlining the purchasing process, thus making ordering easier and faster. (ibid)

Not to be outdone, GSA also expects September to be the busiest month of the year for their Government-Wide Acquisition Contracts. (ibid)

Questions about the September buying frenzy and how you can take advantage? Give us a call.

Year End Bonanza

This year many agencies had high percentages of spending not obligated for fiscal year 2018.m  This makes a strong case for being prepared during the last two months of the fiscal year when spending can be at an all-time high. This Nextgov article reports on data prepared by the Pulse and the Professional Services Council, showing that up to 40% of an agency’s budget may not have spent by fiscal year-end.  GSA Schedules provide government buyers with an easy, clear path to procure end of fiscal year needs.

Education is key: not all government customers are familiar with GSA Schedules or the benefits of purchasing from one.  it couldn’t hurt to remind your agency buyers that the contract has been competed and has no ceiling value. Depending on the type and dollar value of an order, agencies can buy directly from GSA Advantage!  Provide your customers with information from the General Services Administration on GSA Schedule benefits, ordering procedures, and FAQs.

One of our most valuable tips is to make sure that pricing and product/service offerings are up-to-date on your awarded contracts. If not, you could be leaving money on the table or missing out on many time-sensitive opportunities.

Questions about whether your contact is current? Contact us at 301-913-5000 and we will help you find out!