Not unlike many businesses and organizations, the federal, state and local governments are outsourcing. In addition, public sector entities have recognized the value in going outside for specific projects, potentials and problems. Governments aren’t a bad place to consider, if you’re looking to start, sustain, or grow the financial services, advisory, underwriting, etc., part(s) of your business. Frankly, I knew it was good, but didn’t understand how fertile a target, until we completed this analysis. Ask around.
I’m compelled to add that, in general, the broad Professional Services specialties continues to be a leader in government procurement activity. We have these types of clients who wouldn’t exist were it not for their public sector clientele.
We looked at the timeframe from September 2014 – August 2015. As the data reflects, there has been an increase in bid request activity since the start of 2015. A preponderance of the bids and RFPs are coming from state and local agencies, as compared to federal.
Sample Active Bids/RFPs
For more information about government bid requests throughout the finance industry, contact us at 888.808.5356 or visit BidPrime.