STATE AND LOCAL PROCUREMENT SNAPSHOT - Q1 2018
Published: 05/02/2018
Description
Our Q1 2018 report revealed a SLED market in transition that has shifted into a different phase of the growth cycle. The current year-over-year change was down from the robust growth rates seen last year but was similar to the slight declines observed in 2016. Cyclical forces can partly explain this shift, but other factors are also at work. A similar number of bids versus last year is not necessarily a bad outcome following a great year, and not every segment will be in slow mode. In the guest article, industry expert Michael Keating provides further insights into the pulse of this market, drawing from interviews with government officials and leading associations. The SLED market analysis team at GovWin+Onvia has highlighted four specific industry groups that are seeing year-over-year growth of at least 4%, as well as one of the major levels of government we track that continues to expand in bids. Our geographic analysis also identifies states with the highest growth rates in bid volume to provide a regional perspective. Readers of this report will learn: Details about the current contracting environment and the factors driving recent trendsWhich industries and types of projects are experiencing the highest growth ratesContracting trends by type of agency that can help identify growth in market size and differences by type of buyerDifferences in year-over-year bid & RFP growth rates by statePurchasing trends, outlook and perspective on the state, local and education government sub-marketsHow to better understand the pulse of this market to make informed planning and strategy decisions for your state and local business
