Federal fiscal year-end (FFYE) is a harried time for the federal procurement system. As agencies hustle to spend their “use-it-or-lose-it” budgets, contracting officers are under peak pressure to obtain maximum value for the money they spend on property and services, ensure compliance with statutory and regulatory requirements in awarding contracts, and so on.
In my last blog, I outlined why public sector is an attractive market and draws the attention of many companies, especially when the commercial market is soft. I also mentioned that only those companies who add real value have a chance to win and the “Johnny Come Lately’s” have a real challenge to try and be successful. Today, I look at one element of this complex market – the procurement process.