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ACQUISITION & CONTRACTING, FEATURED ARTICLES, Industry News, Media Outlet

Number of new U.S. government vendors drops to 10-year low

An 8 percent bounce in fiscal 2016 contract spending couldn’t keep the number of first-time federal vendors from falling to a 10-year low.

Despite a $34 billion, year-over-year spending jump to $475 billion in fiscal 2016, agencies signed contracts with only 15,925 first-time sellers in 2016, according to Bloomberg data. This was just 13 percent of the government’s 124,000-vendor pool, and the second-lowest new vendor share in at least a decade.

Source: Number of new U.S. government vendors drops to 10-year low | Bloomberg Government

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