Trends to Expect in 2023 Government Contracting
As the world continues to evolve, so will the trends in government contracting. With emerging new technologies and existing tech advancing, 2023 will bring a variety of changes for those who are involved with government contracting. From artificial intelligence and data analytics to support for small businesses and more, here’s what you can expect from the 2023 government contracting trends.
Data Analytics
Data analytics is quickly becoming an essential tool for all sectors, including government contractors. Data analytics can help contractors understand their performance metrics better than ever before. It also helps them identify areas of improvement and opportunities for growth within their contracting base. As technology advances, data-driven decisions will become even more important in the field of government contracting.
Automation & Artificial Intelligence (“AI”)
Technology continues to be an important factor in government contracting as agencies attempt to reduce costs associated with manual processes and enhance their ability to quickly analyze large amounts of data. In particular, automation tools have become increasingly popular for tasks such as contract management and performance monitoring. AI is being used more frequently for applications such as predictive analytics, which can help agencies make better decisions when selecting contractors or evaluating contractor performance over time. Additionally, AI can be used to simplify complex tasks that involve large amounts of data that would otherwise take a great deal of time and resources to process.
Support for Small Businesses
The U.S government has long supported small businesses through various programs and initiatives, but in recent years these efforts have increased significantly. In 2023, we can expect more programs designed specifically to help small businesses compete on an equal footing with larger companies for federal contracts. These new initiatives may include access to funding grants, technical assistance programs, or even tax incentives for small business owners who pursue federal contracts or subcontracts. Additionally, the Small Business Administration (“SBA”) is expected to expand its outreach efforts so that more small businesses get qualified for socio-economic status set-aside awards and are aware of these types of opportunities available to them through federal contracting.
Diversity & Inclusion
The government is increasingly committed to supporting small businesses owned by minorities, women, veterans, and other disadvantaged individuals. This trend is only expected to continue as agencies become more aware of the importance of diversity and inclusion in awarding contracts. To this end, the SBA has established programs such as 8(a), HUBZone, WOSB/WBE, and VOSB/SDVOSB that are specifically designed to support these types of businesses. These programs provide access to certain set-aside and sole source award opportunities not available to other small businesses.
Procurement Reforms
The federal government has made strides towards modernizing its procurement process over the past few years and this trend is expected to continue into 2023. The Office of Management and Budget (“OMB”) recently released a memorandum outlining plans for streamlining procurement processes across all executive departments and agencies. These reforms include increased use of technology and data-driven decision making, greater flexibility when it comes to contract terms, better oversight of contracts awarded through discretionary funds, and improved outreach efforts towards potential vendors from underserved communities.
Government contracting is an ever-evolving field and requires an awareness of current trends to remain competitive and maximize opportunities for success to win awards. Data analytics, automation, and AI will continue to revolutionize how contracts are managed while new programs designed specifically for small businesses will open up opportunities previously only available to larger corporations. These evolving trends are all expected to play a major role in shaping the future of government contracting in 2023 and beyond. With the right preparation, these trends could prove beneficial for both your business success and your bottom line in 2023.
If you’re ready to grow your business in federal contracting, then now is the perfect time to enlist the services of a knowledgeable government contracting specialist!
FedBiz Access (“FedBiz”) has an experienced team that takes the time to get to know your business and ask questions to ensure you understand the opportunities available in government contracting, as well as helping you create a solid engagement plan.
FedBiz offers proprietary marketing packages that can help you target direct buyers within the federal government. FedBiz is a leading government contracting business development and marketing firm that offers research and engagement strategy coaching, registrations, set-aside certifications, and GSA Schedules.
FedBiz has over 22 years of experience working with thousands of companies worldwide to help them win over $35.7 billion in awards. From registration to award, FedBiz helps businesses succeed in the government marketplace.
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23:17 08 Oct 24
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00:39 08 Oct 24
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22:39 24 Sep 24
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21:01 14 Sep 24
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18:16 11 Sep 24
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17:31 11 Sep 24
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04:10 11 Sep 24
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13:10 28 Aug 24
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18:41 20 Aug 24
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12:45 15 Aug 24
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11:33 09 Aug 24
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19:00 06 Aug 24
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14:26 06 Aug 24
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14:31 05 Aug 24
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18:05 02 Aug 24
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13:37 02 Aug 24
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12:03 02 Aug 24
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02:02 02 Aug 24
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18:50 01 Aug 24
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18:30 01 Aug 24
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15:20 31 Jul 24
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D Waitz
16:05 25 Jul 24
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14:36 23 Jul 24
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15:13 18 Jul 24
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16:28 17 Jul 24
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21:24 10 Jul 24
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14:31 04 Jul 24
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12:48 01 Jul 24
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18:34 28 Jun 24
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17:57 27 Jun 24
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18:28 18 Jun 24
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17:08 12 Jun 24
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16:53 12 Jun 24
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01:39 12 Jun 24
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17:28 10 Jun 24
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Joshua Smith
20:32 03 Jun 24
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19:46 03 Jun 24
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07:31 01 Jun 24
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Almighty Electrical
13:11 31 May 24
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Olga Trusov
15:41 30 May 24
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23:15 29 May 24
My name is John Conner, the President of Conner Communications Corporation. With the help of FedBiz and specifically, Amber Kaplan and her team, we just received our Veteran Owned Certification. Because of the professionalism and experience of FedBiz, the process was easy and painless. We are grateful to FedBiz and Amber for helping us receive our Certification and looking forward to the benefits that it will provide.
John Conner
17:41 29 May 24
Cassie was very helpful and pleasant to work with.
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00:13 29 May 24
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22:49 28 May 24
I had the pleasure of being able to work with Cassie Elbaney, Cassie is a true proffesional in her field of customer service. Cassie has always been available at a moments notice to assit me and answer all my questions or concerns that I may have had going through this process of getting set up with this program.Without Cassie I would never been able to do this task on my own.I own my own company for over 40 years and people of Cassie's ability and professionalism in the customer service field is very rare to find these days. I would hire Cassie in a heartbeat.She is a awesome individual to work with, hopefully you can work with Cassie and have the same experience as I did you will not be disappointed.
Gino Novelli
17:19 24 May 24
Cecelia Morelli was outstanding. Her knowledge and willingness to help with this process made the difference. Received approval in record time. thanks very much
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16:34 24 May 24
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13:06 24 May 24
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20:00 23 May 24
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Alina Roberts
14:12 21 May 24
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19:55 17 May 24
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Bryttnie Evans
15:33 14 May 24
Cassie Elbanay did a great job of renewing my SAM registration with FED BIZ! She was also instrumental in me switching from a prior affiliate & obtaining my own login information and making me the administrator. Thank you ! - Daryl M.
Daryl Moody
01:21 14 May 24
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13:54 13 May 24
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Jessica Meyer
16:37 09 May 24
Good customer service, it was a quick process.
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20:10 08 May 24
Cassie was extremely helpful and made the whole process extremely easy to follow and stress free!
Kevin Solon
07:18 03 May 24
Cassie and Fedbiz was incredibly helpful, knowledgeable, and responsive throughout the entire process from our initial inquiry through the submission. They made the renewal process easy and fast for us to get through.
Chris Merrill
19:51 30 Apr 24
