Reviewing government contracting trends over time often yields some surprising results. Then again, sometimes it doesn’t.
One result is while the acquisition environment may appear dire in the short run, the overall picture is quite optimistic. For example, while spending increased dramatically during the early 2000s, owing to two of the longest wars in American history, the “severe” drop off in government contracting that started in 2010 leaves spending still almost 40 percent higher than in 2002, adjusted for inflation. Not so bad for the government contractor community!
Of course, contract spending by the Department of Defense dwarfs that of all other agencies combined. Yet, while some agencies have seen significant drops, the overall reduction is mitigated by the huge amount of spending that continues.
Keep reading this article at: http://www.federaltimes.com/article/20140508/BLG06/305080010/Federal-contracting-s-bright-side
