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Government Contracts Issues for a Recession

Procurement Notes

The Federal Government’s procurement spend in FY2023 was $765 billion ($470 billion for defense agencies), [106] and most of the procurement spend was discretionary spending. So, given that discretionary spending is more likely to be cut than mandatory spending, procurement spending cuts will be part of any significant budget cuts.

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EEO Spring Housekeeping is Here, Including Meeting the June 30, 2022 Deadline for Certifying Your Affirmative Action Program

Procurement Notes

Third, Executive Order 11,246 (as amended) expressly states that “[e]ach contractor having a contract containing the provisions prescribed in Section 202 shall file, and shall cause each of his subcontractors to file, Compliance Reports with the contracting agency or the Secretary of Labor as may be directed.” [84] green card holders).

Export 40
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Government Contracts Inflation Update

Procurement Notes

For example, from 2013 to 2018, “[y]ear-over-year [wage] growth has mostly ranged between 2% and 3%[.]” [27] Thus, we are presently in a time of accelerating wages. And, “[t]he four components of gross domestic product are personal consumption, business investment, government spending, and net exports.” [28] 2022 +5.1% +5.1% +4.8%