top of page

FY 2024 Federal Spending Report - Unprecedented: ZERO Competition on Federal Contracts

Writer's picture: Dave LoweDave Lowe

*source: FPDS.gov

Step 1: Download the FREE Report


Step 2: Join us for a FREE Federal Market Review (via Zoom) (Review sessions held Tuesday - Friday at 10 AM and 2 PM EDT. You can join as many times as you like)


Step 3: SIGN UP for your FREE SAMradar Trial and start competing for the 98% that never hits SAM.gov.


FEDERAL CONTRACTING SHIFT


The dramatic swing to minimal competition in federal contracting with 81% of contracts having ZERO competition (single offer received) and 91% of the time they were awarded to 1 of 5 companies competing. To put this in perspective, in 2019 the "Not Reported" and "ONE Offer" totaled 36%. This historic pattern started in 2021 (read more here NEW: Unprecedented Federal Spending Pattern)


This is TOTALLY LEGAL because contracting officers have clauses in the Federal Acquisition Regulations (FAR 6.3) where they can minimize the exposure of "Other than Full and Open Competition" contract opportunities to a small number of qualified resources they know, like and trust. This can be used to your advantage - but only if you understand the market and you are proactive in your relationship development.


Why Real-Time Activity Monitoring is CRITICAL for FY2025.


The new Trump administration is making sweeping changes. Yes, we did see an unprecedented increase of RFI (Request for Proposal) and Sources Sought activity immediately following the election. Then we saw unprecedented Solicitations and Combines Synopsis Solicitations on SAM.gov. If you were not monitoring real time, you missed it.


The changes keep coming with more and more Executive Orders and change ALWAYS means opportunity. Now is the time to watch the market in real-time so you can engage decision makers.


Use this time and new activity to build relationships. Get your company known, liked and trusted BEFORE the RFPs are developed - then YOU will become 1 of the 5 in the trusted, capable list of vendors that the contracting officer engages - just like the report above.


Listen:

THIS IS GOING TO HAPPEN WHETHER YOU JOIN THE PROCESS OR NOT


If you want to be on the inside, you need to be building relationships NOW. They have a new urgency. You need to take advantage of the urgency and the contracting cycle while you can. If you don't, you will simply be allowing your competition to be the ones that maintain the status quo and keep winning.


DON'T BE ON THE OUTSIDE LOOKING IN - BE THE WINNER.


You have 8 months to get positioned for the rest of the spending in FY2025. With the SAMradar free trial, you can set up your search criteria in SAM.gov and SAMradar.com so you do not miss federal hidden contract spending.


These proactive strategies are game-changers, enabling you to win business now and build meaningful connections that go beyond what SAM.gov can ever offer. Discover the hidden opportunities that fly under the radar!


Remember SAMradar does the dirty work for you, freeing you up to focus on your #1 job - Build relationships!


Report Sources


FPDS.gov is the repository of data. SAM.gov is where contracting officers post opportunities, it is also where the public can run reports on FPDS data using Ad Hoc reports. SAMradar has proprietary intelligence algorithms that provide additional information including deep intelligence on buyer and prime activity that is not available on fpds.gov or SAM.gov.


Why Date Signed vs Date Modified?

Because of the complexities of federal contracting, and the potential to get lost in the weeds of research, SAMradar selected to provide this report by date signed.


  • Date Signed: By utilizing the Date Signed field, we can see only new contracts signed within the range (usually current month or fiscal year to date).


There is good reason to care about both, and exactly why SAMradar operates on modifications because contract modifications show spending and prime activity that is also hidden like IDIQ, GWAC, and BPA sales that never show up on SAM.gov. Now, most of the new contract activity (by date signed) is significant and because most never posts on SAM.gov, therefore most contractors never know of federal sales happening in their NAICS/PSC or niche market.


Report Anatomy and Use Cases

Each Tab includes the ability to sort by the number of Contracts (activity) and Dollars. This provides your insight into activity as well as overall spending. The key for SAMradar members is to utilize this report to find and categorize competitor activity. and add the competitor to your SAMradar vendor monitor.


  1. Find competitors in your space, and add them to your SAMradar monitoring.

  2. See competitor activity in real-time.

  3. Choose your response strategy (see SAMradar templates)

  4. Inject your company into the conversation – especially future procurements.


Reconciling Inaccuracies

Federal contract data contains hundreds of data points per contract and data entry is performed by contracting officers and specialists. As a result, the date is not perfect. When assembling federal contract data, there are regular corrections, deletions, and other nuances (including agencies using fields differently) that can create anomalies in the outcome of summarized reports. SAMradar data analyzers are consistently reviewing the data for these anomalies – but we do not correct them. We do not correct them because it would challenge the integrity of the reports.

3 views0 comments

Comments


bottom of page