New Fiscal Year Off to Fast Start with VA Spending
The VA awards over $1.37 Billion on Day 1 of FY 2022 with new budget.
The federal government’s new fiscal year began October 1, 2021 (“FY 2022”) and spending at the Department of Veteran’s Affairs (the “VA”) is off to a fast start with over $1.37 Billion in newly signed awards on Day 1 with 1,786 business.
Of the total awards 27.6% were made to small businesses across various categories including IT, Professional Services, Medical, Facilities & Construction, and Transportation & Logistics.
Top 10 VA Spending Categories by Industry (in $ millions) on Oct. 1, 2021:
| NAICS Code | Description | Amount |
| 541519 | Other Computer Related Services | $158.6M |
| 524114 | Direct Health & Medical Insurance | $103.2M |
| 334516 | Analytical Laboratory Instrument Mfg. | $94.2M |
| 541512 | Computer System Design Services | $80.3M |
| 492110 | Courier & Express Delivery Services | $76.4M |
| 517110 | Wired Telecommunications Carriers | $63.2M |
| 621498 | Freestanding Ambulatory Surgical Centers | $54.2M |
| 621511 | Medical Laboratories | $49.1M |
| 334517 | Irradiation Apparatus Mfg. | $43.7M |
| 325413 | In-Vitro Diagnostic Substance Mfg. | $38.0M |
In addition to the VA, other federal agencies issued over 100 pre-solicitations and source sought notices on October 1, 2021.
Are you ready to take advantage of these opportunities? Are your registrations current and compliant? Do you have a Capability Statement? Do you qualify for a set-aside award?
FedBiz Access works with businesses to simplify government contracting and help them become more competitive to win awards. The business development services include targeted market research, Set-Aside Certifications, and GSA Schedule registrations.
