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Public procurement is like the heartbeat of public spending in most of Africa – by some estimates, it accounts for 17% of the GDP of African Countries. Procurement was long seen as a clerical administrative function, rather than a strategic lever. This was not always the case.
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The governmentwide day on November 20 will feature expert panels addressing “what’s next” after the election for the future of federal procurement. Join us as we dive into what lies ahead for federal procurement in 2025 and beyond! Market and Procurement Outlook Panel: What’s Next?
51] NBER data corroborates that low employment is a lagging indicator—showing that in the (12) recessions since 1948, (7) commenced while unemployment was less than 5%. [52] Yet, for 2023, the current data shows that receipts slipped to 16.2%—a Earnings growth tells us about the past. 93] For 2022, Federal receipts were 19% of GDP. [94]
First, some data points to animate the discussion. 10] Interestingly, based on the data inputs for Deltek’s study, average profits were noticeably different for small, medium, and large contractors—15%, 20%, and 18%, respectively. [11] procuring things made from a lot of steel), again, offerors arguably should have anticipated it.
Specifically, the GovCon Order applies for contractors/subcontractors of “[e]xecutive departments and agencies, including independent establishments subject to the Federal Property and Administrative Services Act, 40 U.S.C. Postal Service or the Postal Regulatory Commission. [12] Emphasis on the word some. 102(4)(B). . 6701 et seq.; (iii)
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