Federal Architecture, Engineering and Construction (AEC) Budget Outlook, FY 2024

GovWin’s exclusive Federal Architecture, Engineering and Construction (AEC) Budget Outlook, FY 2024 report provides insight into over $56.3B in contractor-addressable requested funding relevant to AEC firms. Fill out the request form to get your copy of this unique analysis that's purpose-built to help AEC companies develop their strategic federal business development plans.

What's Inside:
Produced by GovWin’s industry leading Federal Market Analysis Team, this timely report analyzes and breaks down the proposed program investments and policy directives outlined in the Biden Administration’s $1.8T fiscal year 2024 discretionary budget request as it relates to architecture, engineering and construction (AEC) firms. It aims to deliver a comprehensive view of the federal government's upcoming spending plans relevant to providers of common AEC related offerings such as: construction services, architecture and engineering services, construction related materials and facilities purchasing and leasing services.

“Since becoming a GovWin IQ member, we realized very quickly why Deltek's known as the 'gold standard' for research and tracking of the government market.” - Tomette Herring, Sr. Business Development Director, DCS

Sample Findings from the Report:

$56.3B for AEC-Related Activities for FY 2024
The Biden-Harris Administration’s FY 2024 federal budget request contains over $56.3 billion for AEC-related activities with additional infrastructure funding on top of those already boosted by the Infrastructure Investment and Jobs Act.

$26.3B Requested by DoD
The Department of Defense (DoD) plans to spend the most on contractor-provided AEC goods and services in FY 2024 with a funding request of $26.3 billion.

$43.7B for Construction Services
With $43.7 billion requested for construction services contained in the FY 2024 Federal Budget Request, this segment makes up the majority of AEC expenditures at nearly 78% of total AEC spending.

65% The Biden-Harris Administration increased the Made in America Agenda content threshold to 60% in FY 2023, with an increase to 65% planned for FY 2024. This will have an impact on construction contractors' supply chain resilience strategies and costs.