In June 2024, the Coalition published its sixth annual Federal Market Report for fiscal year (FY) 2023. The Federal Market Report is a go-to resource that provides insights into contract compliance, as well as trends on the GSA and VA Schedules, governmentwide contract vehicles, small business spending, the federal healthcare market, and more.
Some of the highlights of the FY 2023 Federal Market Report include:
- Spending through the Schedule Program exceeded $46 billion, marking a 12 percent increase. This figure is the largest since 2012.Services accounted for 75 percent of Schedule spending, while products made up 25 percent.
- Spending through the VA Schedules exceeded $19
billion, increasing from $17 billion in the previous
year. - BPA spending, which increased by 14 percent
and surpassed $25 billion, accounted for over 52
percent of spending through the GSA Schedule
Program. - FY23 marked the third consecutive year in which
over 50 percent of all Federal contract spending
was obligated using IDIQs. - Spending through the VA’s MSPV Program
increased by over 15 percent in FY23.
To view the Federal Market Report, click the button below. Note: The Federal Market Report is available to Coalition members only. For any questions, please contact Michael Hanafin at mhanafin@thecgp.org.