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Writer's pictureDave Lowe

November 2024 Federal Spending Report - FY2024 (NAICS, PSC, UEI)

Updated: Nov 12


SAMradar November Federal Spending Report


SAMradar Federal Spending Report

Q1 FY2025 is HERE and federal spending is ready to kick up again. As new budgets get solidified, it is time to hunker down, restrategize, and build relationships....


Where are we? Let's take a look...



Year-To-Date Federal Spending


Top Agency: Department of Energy

Contracts: 697

Total Spend: $7,843,575,832


Top NAICS: 561210 Facilities Support Services

Contracts: 1,060

Total Spend: $5,037,882,351


Top PSC: M1JZ OPERATION OF MISCELLANEOUS BUILDINGS

Contracts: 22

Total Spend: $3,561,662,159


Top Federal Contractors:


By Revenue:

TRIAD NATIONAL SECURITY, LLC

Contracts: 5

Total Earned: $1,046,233,647


By contract Volume:

NATIONAL INDUSTRIES FOR THE BLIND

Contracts: 17,506

Total Earned: $7,134,736


Learn more about your place in the federal market



What you can do to win federal contracts...

 

  1. Watch for activity in your space. This includes NAICS, PSC, Keywords and Competitors

  2. Engage buyers. You have to make the move and simple emails work the best.

  3. Build relationships. Buyers who know, like, and trust you will find a way to buy from you. Look at this report and you can see that relationships matter A LOT.

 

If you have federal contracts, you know that this is where you will be winning.

 

IMPORTANT:

 

If you are not doing this - you can’t win. Incumbents are strong and unless you do something about it NOW, they will win, and you will lose.  Experienced contractors know how long it takes.  Current vendors know how to leverage established relationships so they can win. You can do this too. 

 

You NEED:

 

  1. A tool that can help monitor activity and federal spending (SAMradar)

  2. Direction on how to engage buyers. (SAMradar)

  3. To build relationships (You)

 

Here’s the best part…

 

Everything proactive you do NOW using SAMradar will have a positive impact on your federal future. Why? this year you will get the chance to be ahead. 

 

Get moving NOW!



and start competing for the 98% that never hits SAM.gov.


SAMradar is not a SAM.gov rework. SAMradar monitors ALL federal contracting activity with the objective of informing businesses of hidden contracts that are never posted on SAM.gov.


The federal government budget and contracting process is enormous and complex. In certain years, like FY 2024, budget delays and the use of continuing resolutions (CR) can present significant challenges to federal contractors and companies who want to become federal contractors.


In an effort to simplify the research process, and better service SAMradar members, we have been providing market reports that provide a high-level overview of spending (Summary, NAICS. PSC, Vendor Wins Tabs) as well as a Vendors (detailed) tab to show the exact combinations of NAICS and PSCs vendors are winning contracts.


Report Sources

FPDS.gov is the repository of data. SAM.gov is where contracting officers post opportunities, it is also where the public can run reports on FPDS data using Ad Hoc reports. SAMradar has proprietary intelligence algorithms that provide additional information including deep intelligence on buyer and prime activity that is not available on fpds.gov or SAM.gov.


Why Date Signed vs Date Modified?

Because of the complexities of federal contracting, and the potential to get lost in the weeds of research, SAMradar opted to provide this report by the date signed.


  • Date Signed: By utilizing the Date Signed field, we can see only new contracts signed within the range (usually current month or fiscal year to date).

There is good reason to care about both, and exactly why SAMradar operates on modifications because contract modifications show spending and prime activity that is also hidden like IDIQ, GWAC, and BPA sales that never show up on SAM.gov. Now, most of the new contract activity (by date signed) is significant because most never post on SAM.gov, therefore most contractors never know of federal sales happening in their NAICS/PSC or niche market.


Report Anatomy and Use Cases

Each Tab includes the ability to sort by the number of Contracts (activity) and Dollars. This provides your insight into activity as well as overall spending. The key for SAMradar members is to utilize this report to find and categorize competitor activity. and add the competitor to your SAMradar vendor monitor.


  1. Find competitors in your space, and add them to your SAMradar monitoring.

  2. See competitor activity in real-time.

  3. Choose your response strategy (see SAMradar templates)

  4. Inject your company into the conversation – especially future procurements.


Reconciling Inaccuracies

Federal contract data contains hundreds of data points per contract and data entry is performed by contracting officers and specialists. As a result, the data is not perfect. When assembling federal contract data, there are regular corrections, deletions, and other nuances (including agencies using fields differently) that can create anomalies in the outcome of summarized reports. SAMradar data analyzers are consistently reviewing the data for these anomalies – but we do not correct them because it would challenge the integrity of the reports.



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