USFCR Blog

The Federal Government is the world's largest buyer of goods and services. With federal spending rising in several sectors in 2023, it's the perfect time to explore federal contracting.

In 2022, the total obligations of the federal government reached $6.8 trillion. The Department of Defense led the way with $3.1 trillion, followed by the Department of Health and Human Services at $1.3 trillion, and the Department of Veterans Affairs at $1.1 trillion. The industries that saw the most obligations were professional, scientific, and technical services ($1.2 trillion), construction ($900 billion), and manufacturing ($800 billion).

Who upholds America's iconic federal buildings, such as the White House and FBI Headquarters? The GSA is responsible for overseeing 9,600 federal buildings, totaling over 370 million square feet, making them the trusted stewards of some of America's most iconic structures.

This article has been updated as of July 15th, 2024

Understanding federal spending patterns is essential for success in federal contracting. The 4th quarter holds particular significance, presenting unique opportunities for informed contractors. As the fiscal year ends, a significant increase in federal spending emerges, creating a window of lucrative opportunities.

Understanding Year-End Federal Spending

The U.S. federal fiscal year spans from October 1 to September 30. As we approach the year-end, a surge in spending is driven by the "use it or lose it" budgeting policy. This policy requires agencies to spend their entire budget within the fiscal year to avoid potential budget cuts in the subsequent year. Consequently, this results in an uptick in contract opportunities. According to recent data, federal spending in the 4th quarter has consistently shown significant increases, illustrating the robust market for contracting opportunities.

Editor's Note: This post was initially published in April 2021 and has been updated for accuracy and comprehensiveness.

Federal contracting is an excellent way for businesses to open a new revenue stream. That's because, as a customer, the federal government is one who:

Meet Aidan Ashe, a proficient case manager at U.S. Federal Contractor Registration (USFCR). Aidan is a Florida local, a fact that he's proud of. When he's not immersed in his work, Aidan relishes the thrill of a good Dungeons and Dragons game, often surrounded by friends and family.

Gina Coccaro is a Client Services Representative at US Federal Contractor Registration (USFCR) with an affinity for client relations. A Florida native, she grew up on Saint Pete Beach and developed a talent for welding. This unique skill also fuels her artistic side, as she creates metal sculptures when not assisting clients.

Jon Niko Freed is a valued Registration and Contracting Specialist at US Federal Contractor Registration (USFCR). Born and raised in Florida, Jon is passionate about motorcycle and car racing and cherishes quality time with his family. He chose USFCR for its potential and its employee-first culture.

Understanding Memorial Day goes beyond backyard barbecues and the beginning of summer. Let's clear the air and find out what this day truly signifies.

A Day of Honor and Remembrance
At its core, Memorial Day is a tribute to the brave individuals who made the ultimate sacrifice for their country. It is about taking a pause from our everyday hustle and bustle to acknowledge the cost of the freedoms we often take for granted.

Welcome to the world of federal contracting. This vast and diverse sector is where the U.S. government, the world's largest consumer, purchases goods and services from businesses of all sizes. These purchases can range from paperclips to spaceships or specialized consulting and services. 

Though the process may seem intricate, with proper guidance, its potential benefits for your business are well worth exploring.

Breaking into the world of federal contracting can be daunting for new businesses, with a complex procurement process and fierce competition. Fear not! This article shares essential tips and links to valuable resources designed to help you secure your first federal contract. From understanding the procurement process to showcasing innovation and building strategic relationships, these tips will set you on the path to success in the lucrative federal marketplace.