What Does the Last Week of the Federal Government's Contracting Cycle Look Like? One of the more interesting facets of the government , in particular, government contracting is the funding cycle. The federal government’s fiscal year runs from October 1 of one calendar year through September 30 of the next year. The federal government has by Friday night, 1159 EST or 2059 PST to use the funding. After this period, the leftover funding is not rolled over or even accounted for, it disappears. They have to wait until the next FY for a new reconciliation or budget authorization. That’s if they can ever do one of those again. Read More Here: https://lnkd.in/gPjTr6mB #governmentcontracting #certifications #smallbusiness #veteranownedbusiness #veteranshelpingveterans #veteranownedsmallbusiness #veteranownedandoperated #gsa #POLARIS #MATOC #hubzone #8a #WOSB #SBA
Tim Goering
1y
Great stuff. Not knowing about the funding cycle of the government could be a real disadvantage.
John Brandes
1y
It's a critical time for both government agencies and contractors to efficiently manage budgets.
So pleased you've got your finger on pulse with this stuff
Absolutely correct and it presents a great opportunity for contractors that take advantage of it.
Craig Howard
1y
This is an important post for anyone looking for Government contracts. Now is the time to be looking at what needs to be done and getting a bid in.
Great summary and great advice for all of us doing business in the federal workspace. And as always, timely and pertinent information from the good folks at CFR. Happy that you’ve got our back.
Thank you for your post. Is an alternative to use
Ross Tucker🌴
1y
Thanks for the heads up. I wonder how strict they follow this.
Founder & CEO Coach, Argos AI Alliance | Mastering AI Implementation to Future-Proof Businesses & Win Big Contracts
1yReally insightful post, CFR & Associates! Understanding the nuances of the federal government's contracting cycle is key for any business involved in government contracting. The sense of urgency around the end of the fiscal year certainly intensifies the procurement process. It's interesting to note the role of contract vehicles in expediting the process, and how certifications such as 8(a), Hub Zone, or WOSB can offer small businesses a unique advantage, opening doors for direct purchase. The takeaway for businesses? It's not just about securing certifications or contract vehicles, but also the essential groundwork - marketing, capability presentations, and relationship building. Those elements combined could indeed provide a strong position during that last week of the contracting cycle. Thank you for shedding light on this important aspect of government contracting. #governmentcontracting #smallbusiness #certifications