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Blog | 08.24.23

Taking Advantage of The Federal Fiscal Year-End Spending

As the fiscal year draws to a close on September 30th, government agencies tend to make purchases quickly to use up their allotted funds. This time presents a chance for suppliers to bid on multiple contracts and provide goods and services to the federal government.

The FY23 Federal Budget

In January, the $1.7 trillion budget was passed that will fund the government through September 30, 2023. The current federal budget has earmarked increases in several crucial areas, reflecting the administration's priorities. Here is a breakdown of some of the spending:

  • $4 billion for rural development programs, including expansion of broadband services and water program loans.
  • $106.3 billion budget for the Department of Transportation that is split between sub-agencies, including:
    • $62.9 billion for the Federal Highway Administration that will help improve the highway systems in the country.
    • $19 billion for the Federal Aviation Administration to support airport improvement grants.
    • $16.9 billion for the Federal Transit Administration to help purchase low-emission buses, improve ferry systems, and other local projects.

Moreover, maintaining readiness with all essential certifications, paperwork, and product specifications, coupled with prompt responses to RFPs, can provide a competitive advantage. One way to be prepared is to subscribe to a bidding platform, such as Periscope S2G, that offers aggregated federal opportunities and daily notifications of bids that match your business offerings. 

Discovering Federal Bids on Periscope S2G

Periscope S2G offers a consolidated list of opportunities for suppliers looking to tap into federal bids and RFPs. With a federal premium add-on package, you can find all federal bids and RFPs that are aggregated by our team to effectively match your business, saving you time and allowing you to focus on winning. By utilizing S2G’s features, you can effectively and efficiently find the right bids:

  • Automatic bid notification
  • Advanced search tools
  • Easy to review government contract bids summary
  • Plus, access to exclusive government agencies publishing through the platform.

Seizing The Fiscal Year-End Opportunities 

As the fiscal year draws to a close, a wave of federal spending opportunities rises, and it's crucial for suppliers to ride this tide. Staying alert to emerging federal contracts can significantly shape your business's success in the subsequent year.  

To be at the forefront, leverage platforms like Periscope S2G, a nexus for federal bids and RFPs. By consistently engaging with it, you open doors to a plethora of tailor-made opportunities. So don't just observe—dive deep, respond promptly, and ensure every interaction aligns with given specifications. In the end, whether at the federal level or the state and local level, there's a chance to make a big deal with a well-planned strategy.