Research firm highlights untapped potential in federal contracts
Top 20 opportunities for fiscal 2009 will come from recompetitions or consolidations of agreements already awarded, report says.
Existing contracts and contract consolidations offer the most lucrative procurement prospects in fiscal 2009, according to a new report from the market research group INPUT.
The Reston, Va.-based company annually identifies the top 20 acquisition opportunities for the new fiscal year. The 2009 report predicts more than $120 billion in contract value through the top 20 prospects.
Unlike previous years, all of the fiscal 2009 top opportunities identified by INPUT are recompetitions or consolidations of contracts already awarded. This trend is a result of tightening budgets, the upcoming presidential transition, and a greater focus on governmentwide acquisition contracts and multiple award contracts in a number of agencies, the report stated.
INPUT said that in fiscal 2009, which started Oct. 1, 14 of the 20 biggest opportunities for procurement will come from the Defense Department, for a total value of $75 billion.
"This year's list very much reflects the state of the market," said Vajira Ranaviraja, senior analyst at INPUT. "With the imminent change in administration, federal agencies are focusing on maintaining steady state activities and looking for opportunities to consolidate activities and drive out costs."