In fiscal year 2023, the U.S. federal government awarded a record $765 billion in contracts, which was a 9.5% increase over the previous year. The government has ongoing needs across sectors such as defense, technology, construction and support related to international affairs.
Are you serious about growing your small or midsized contracting business? Consider the advantages of working with the U.S. federal government. Government contracts can give you access to the world's largest market. The U.S. government is the world's largest buyer of products and services. In this vast and diverse market, businesses of all sizes can find opportunities to supply a wide range of goods and services across different sectors. Financial stability and growth. Government contracts can give your firm a stable and reliable source of revenue–even in times of economic uncertainty. Because government work tends to be more predictable than private-sector work, landing even one government contract can help you plan your firm’s growth and scale your operations.
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Contracts Small Businesses Should Consider in 2024".
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