Fed Contractors: Prepare for September Spending Spree

NOTE: The Alaska PTAC has been renamed as Alaska APEX Accelerator. This change occurred on September 15, 2023. Learn why.

Federal contractors are getting ready for the fourth-quarter spending spree, a new tradition in government acquisition which has seen significant spikes in contracting in the last quarter of the year.

Ten years ago, agencies tended to spend most of their budgets in the first two quarters, Today, sequestration, continuing resolutions and other budgetary issues have resulted in large spending spikes, most notably in September.

“The [term] ‘Q4 spending spree’ is a misnomer,” according to Deltek analyst Carey Webster. The spike is concentrated in the last month of the fiscal year, she said.

Read the rest of the story:  http://www.federaltimes.com/story/government/acquisition/2015/07/21/q4-spending-spree/30471499/