The May 2013 issue of High-Growth Government Contractor News featured pertinent articles from some of the leading players in government contracting.
Lowest Price Technically Acceptable: It Doesn’t Work for Your Retirement Plan Either
By John Keenan, SEIA
As financial advisors specializing in retirement plans, we work with government contractors to help them achieve greater retirement outcomes for themselves and their employees. In the beginning stages of our independent retirement plan evaluations, we often hear the same thing from owners; “I want to get the best possible outcome, I don’t want to worry about the requirements and I want to decrease costs.” Sound familiar?
BBP 2.0 “First Glimpse – What Does This Mean for Contractors?
Dixon Hughes Goodman Government Contractor Practice Members Bill Walter and Mark Burroughs comment on the “First Glimpse” memorandum “Better Buying Power 2.0: Continuing the Pursuit of Greater Efficiency and Productivity in Defense Spending” issued by Frank Kendall, the undersecretary of defense for acquisition, technology, and logistics, late last year.
Contractors are working to determine how this will impact their business processes. Walter and Burroughs put this memorandum in context of the view towards how the focus of increased reliance on cost will impact pricing in the near future.
Grant Thornton’s 18th Annual GovCon Survey Reports Trends in Contract Revenues, Profitability, and Rates
Grant Thornton published its 18th Annual Government Contractor Industry Survey recently. GT surveys CEOs, CFOs, and other key officials at government contractors – small, medium, and large – from across the country. GT analyzes participants’ responses and provides a perspective on how the industry has evolved, discusses trends that may affect the industry in the future, and offers sugestion on effective practices. Download the complete report below to see how your firm fits in with the rest of the respondents.
Most Top Contractors Increased Business with Federal Government in 2012, Says Bloomberg Government Report
A majority of the top 200 government contractors made more money on federal awards last year than in 2011, despite major budgetary cutbacks, according to a report released recently.
Overall, the federal government spent $516.3 billion on contracts in fiscal 2012, down 3.1 percent from fiscal 2011’s total of $532.6 billion, the largest year-over-year decline in inflation-adjusted dollars since 1997, the analysis said. Sixty-four percent of that total went to the top 200 companies doing business with the government.
Bloomberg Government, which published the report, analyzed data from 24 agencies and departments, and in 20 categories of federal purchases.