With Federal Fiscal Year End rapidly approaching, government buyers can breathe a sigh of relief that the spending frenzy is almost over. But, you’re probably reading stories and anecdotes in the media about examples of wasteful spending that occurred during the last few weeks of the fiscal year as agencies rushed to spend their “use it or lose it” dollars.
Congress first enacted federal appropriations law in 1809. It’s kept lawyers, contractors, and judges busy ever since. A question arising in many sellers’ minds at this time of year is, what money is available for contracts in more than one fiscal year?
With federal fiscal year-end (FFYE) right around the corner, at DLT we’re committed to making the job of the procurement officer as easy as possible as they scramble to make smart and responsible purchasing decisions with remaining taxpayer dollars.
One thing we know about fiscal 2019: There will be plenty of money to go around. The hyper-partisanship that characterizes the government’s political class means that for the second year in a row, there’s more money for guns and butter.
If you’re a technology solutions provider, we hope you had a great summer and managed to squeeze in some time off, because the busy season is here, and September has already been a frenzy.
Work is already a top source of stress for many Americans, but right now government procurement teams face enormous pressure as they rush to negotiate and award contracts while ensuring regulatory compliance before the federal fiscal year ends on September 30th.
It’s that time again, when agencies rush to spend their remaining year-end budget before the September 30th “use it or lose it” deadline. One-third of federal budget dollars are spent in the last quarter of the year, often in a wasteful manner. But for those in the field of digital design – there are many opportunities to make value-based investments using taxpayer dollars before it’s too late.
This week we sat down with DLT Senior Director of Program Management, Steve Wells, to discuss how DLT's contract expertise can be beneficial to its technology company clients and public sector customers, particularly as we approach the end of the Federal Fiscal Year. We also discussed Steve's military career, of which he just celebrated a major milestone.
Interviewer: Hi Steve, thanks for sitting down with us today. To start, why don’t you tell us a little bit about what you do at DLT.
An irony of late appropriations – as the federal government experienced for the umpteenth time in fiscal 2018 – is that rather than rush to spend, your federal customers are actually spending at rates below what they’re authorized to spend. That makes it harder to maximize the year-end spending blitz.
It takes some doing, but if you’ve got the fortitude to plow through reports from the Bureau of the Fiscal Services and the Congressional Budget Office (CBO), it’s possible to discern that agencies simply might not have the time and manpower to execute on every program.