DoD’s stress reliever: A new forecasting tool to ease fourth quarter buying spree
Agencies are just about three weeks into the federal fourth quarter procurement spending spree and, like the weather, the buying is heating up. Contractors know taking vacations in August and September are all but verboten because of the wave of solicitations coming out.
Bloomberg Government says on average the government spends about 32 percent of their contracting budget during July, August and September.
The Defense Department, which usually leads the way when it comes to year-end spending, is trying to improve the process on both ends of the equation.