While not totally accurate and complete enough to speak definitively, fiscal year data is generally solid enough to permit the drawing of conclusions.
As such, several speculative conclusions can be made based on fiscal 2015 government contracting data.
Unfortunately, the outlook is not positive — for the most part. Recent negative trends in government contract spending and opportunities continue, declining last year (to no one’s surprise) another 1 percent. This may not seem like much, but it represents another $6 billion drop in potential contracting obligations, according to the National Contract Management Association’s 2016 annual review of government contracting.
However, many believe this to be the low point, with increases likely to occur during the 2016 fiscal year.
Keep reading this article at: http://federalnewsradio.com/commentary/2016/08/distinguishing-fact-myth-government-contracting-data/
See a summary of NCMA’s 2016 government contracting review at: http://www.ncmahq.org/stay-informed/blog-list/ncma-blog—post-detail/contract-management-blog/2016/06/10/a-summary-of-the-findings-of-ncma-s-annual-review-of-government-contracting-2016-edition
