Q3 is usually a strong performer in the SLED market as many entities are beginning their fiscal year purchasing activity. Accordingly, GovWin IQ’s State and Local Bid Notifications database saw a 12.7% increase in solicitations posted in Q3 2017 vs. Q3 2016. This is about 1 point higher than Q2 growth and demonstrates continued strength in the market.
IT continues it’s strong run, moving up almost 15% year-over-year, which should provide some stability to the IT market after some recent tremors.
Counties experienced the largest solicitation growth in Q3, -7.3%placing them at the top for the third straight quarter. Other government types also demonstrating impressive growth included special districts (+15%), independent school districts (+14%), and cities (+13%).
Every vertical experienced growth in AEC, which concludes 5 straight quarters of year-over-year gains. Notably, public finance, natural resources/environment, and community development also experienced growth of over 50%.
This year GovWin IQ’s State and Local Bid Notifications database saw an 12.7 percent increase in solicitations posted in Q3 2017 vs. Q3 2016. This is about 1 point higher than Q2 growth and demonstrates continued strength in the market.
How can you take advantage of this growth?
Download the full report to examine year-to-year bid growth and declines in the following categories: