Blackfyre: Navigating Government Fiscal Year End Spending

As the government fiscal year comes to a close, businesses must seize the opportunity to tap into the budget allocations of fiscal year 2018. This crucial time demands a strategic approach to secure government contracts and maximize your company's potential. At Blackfyre, we understand the intricacies of this period, and we're here to guide you through the process. Explore the insights below and discover how to make the most of fiscal year end government spending.

Unlocking the Potential of GSA Schedule Contracts

One of the key vehicles for government procurement is the GSA Schedule Contract, managed by the General Services Administration (GSA). Government agencies often find themselves with unobligated funds towards the end of the fiscal year, creating a unique opportunity for businesses. GSA Schedules offer a streamlined and efficient path for agencies to meet their end-of-year needs.

If your company holds a GSA Schedule Contract, it's crucial to remind agency buyers of the contract's benefits. These contracts are not only Federal Acquisition Regulation (FAR) compliant but also pre-competed, making them an attractive option for government buyers. There are no ceiling values, and depending on the order's type and dollar value, agencies can procure directly from GSA Advantage!, survey contractors on eLibrary, or post opportunities on eBuy. Provide your customers with valuable information from the General Services Administration about the advantages, ordering procedures, and FAQs related to GSA Schedules.

Effective Strategies for Fiscal Year End

As you pursue end-of-year government contract opportunities, keep the following tips in mind:

1. Keep Contracts Updated: Ensure that your awarded contracts, especially GSA Schedule Contracts, are current and reflect accurate pricing and product/service offerings. Failure to do so could result in missed opportunities or leaving potential revenue on the table.
2. Leverage Online Resources: Make use of online resources to conduct market research and identify opportunities. Tools like the Federal Procurement Data Systems (FPDS), USASpending, and GSA Schedule Sales Query (SSQ+) provide insights into agencies' spending patterns. Additionally, platforms like FBO, GSA eBuy, and procurement forecasts can help you discover upcoming contract opportunities.
3. Consider Partnership Options: If you find task orders that you're not eligible for on your own, explore Contractor Teaming Arrangements (CTAs). CTAs enable two or more GSA Schedule Contract holders to combine their offerings for specific opportunities. Unlike prime/subprime arrangements, all CTA members have privity of contract, ensuring a collaborative approach to securing contracts.

Fiscal Year 2017 Q4 Spending Insights

To provide context, here are some statistics from the fourth quarter of fiscal year 2017, showcasing the top agency spenders and the GSA Schedules that performed exceptionally well.

Agencies with Highest Contract Spending in Q4 FY 2017:

• Department of Defense (DOD) - $105,279,484,880
• Department of Health and Human Services (HHS) - $10,596,534,667
• Department of Veterans Affairs (VA) - $7,720,096,014
• Department of Homeland Security (DHS) - $7,496,897,320
• Department of Energy (DOE) - $6,699,236,212

GSA Schedules with Highest Sales in Q4 FY 2017:

• Schedule 70 - IT Equipment, Software & Services - $4,001,127,696
• 00CORP - Professional Services Schedule (PSS) - $2,415,765,965
• 84 - Total Solutions for Law Enforcement, Security - $340,752,379
• 71 - Furniture - $240,098,333
• 51 V - Hardware Superstore - $222,781,083

Seizing the Opportunity with Blackfyre

At Blackfyre, we specialize in GSA Federal Schedule Consulting and offer comprehensive services to help your business thrive in the government contracting arena. Whether you're navigating fiscal year end spending or seeking government opportunities throughout the year, we are your trusted partner. Contact us today to explore how Blackfyre can assist you in achieving success in the world of government contracts and secure your share of the government fiscal year end spending. Don't miss out on these valuable opportunities; let's embark on this journey together! Led by a former GSA Schedule Reviewer, we offer the best GSA Schedule Consulting services.