Discover the Government’s Hidden Multi-Billion Dollar IT Market!
Over 60% of government IT products and services are procured using government wide acquisition contracts (GWACs), multiple award contracts (MACs) and agency-specific indefinite delivery indefinite quantity (IDIQ) vehicles. In 2017, the number exceeded $13 billion.
IT product and service companies must get ahead of the acquisition curve and position to prime or team on these multiple award contract vehicles. NCMBC provides a list of “Future Opportunities” that include IT GWACs, MACs, IDIQs and often conducts teaming events for small IT businesses to meet with current or potential prime contractors. Businesses must take advantage of these resources to have a chance to compete in this lucrative market.
For IT and Cyber Innovators looking for prototype funding, consider the OTA. The department of defense (DoD) has increased its use of Other Transaction Authority (OTA) spending nine-fold since 2014, from $43 million to $412 million in 2017. And the Defense Innovation Unit, utilizing is Commercial Solutions Opening (CSO), has spent about $145M.
Don’t be left out. NCMBC staff is ready to assist in your understanding and pursuit of this market. Give us a call.
Ms. Lisa Pafe does an exceptional job in the following article outlining the situation. Recommend you take a few minutes to read.
The NC Military Business Center, the NC Community College System, and the State of North Carolina do not officially endorse events. These items are posted strictly for the information and convenience of NCMBC customers.