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Fiscal Year 2017 - Forecast of Contract Opportunities

Foreword

Public Law 100-656, the Business Opportunity Development Reform Act of 1988, amended the Small Business Act to emphasize acquisition planning.  The law requires agencies to compile and make available projections of contracting opportunities that small, minority and women-owned businesses may be able to perform.  We also extend our efforts to provide opportunities for Historically Underutilized Business Zone  (HUBZone) small businesses and Service-Disabled Veteran-Owned (SDVO) small businesses.  HUBZone and SDVO small businesses are encouraged to market their capabilities to Treasury to assist us with our various small business acquisition strategies.

The Department of the Treasury Forecast of Contract Opportunities includes projections of all anticipated contract actions above $150,000 that small businesses may be able to perform under direct contracts with Treasury, or perform part of the effort through subcontract arrangements with Treasury's large business prime contractors.  For additional information on procurements not expected to exceed $150,000, please contact the appropriate Treasury Bureau Small Business Specialist. 

The Department of the Treasury purchases a wide variety of goods and services, from packaging materials to highly complex computer equipment and services.  Our procurement expenditures were approximately $5.6 billion in fiscal year 2015 (counting appropriated and non-appropriated funds).  We are committed to increasing prime contract awards and subcontract awards to the small business community.  We hope that this forecast will assist you in doing business with the Department of the Treasury.  By helping firms identify procurement opportunities as early in the acquisition process as possible, we hope to improve communication with industry and assist the small business community with its marketing efforts.

Fiscal Year 2017 Forecast of Contract Opportunities
Treasury’s FY 2017 Dynamic Forecast

 

Treasury’s Forecast of Contracting Opportunities Disclaimer

Public Law 100-656, the Business Opportunity Development Reform Act of 1988, amended the Small Business Act to emphasize acquisition planning. The law requires agencies to compile and make available projections of contracting opportunities that small businesses (including minority, women-owned, HUBZone, veteran-owned, and service-disabled veteran-owned) may be able to perform.
 
The Department of Treasury Forecast of Contract Opportunities includes projections of all anticipated contract actions above $150k  that small businesses may be able to perform under direct contracts with Treasury, or perform part of the effort through subcontract arrangements with the Department’s large business prime contracts.
 
Treasury purchases a wide variety of goods and services and is committed to small business participation in the acquisition program. Helping firms identify procurement opportunities as early in the acquisition process as possible improves communication with industry and assists the small business community with its marketing efforts.
 
Note:  All projected procurements are subject to revision or cancelation. Final decisions on the extent of competition, small business participation, estimated value, or any aspect of the procurement action will not be made until each procurement is initiated. The forecast data is for planning purposes, does not represent a pre-solicitation synopsis, does not constitute an invitation for bid or request for proposal, and is not a commitment by the government to purchase the desired products and services.
 
The forecast is divided by organizational elements.  Actual solicitation notices will be posted on FedBizOpps.
 
The purpose of publishing the small business FY 2017 “Forecast of Contracting Opportunities” to the general public is to make the reader aware of:
 
  • the scope and depth of the Government’s dependence upon the private sector for goods and services, and
  • those new initiatives where the Government intends to seek participation of private sector firms for goods and services.
In addition, the Forecast contains information regarding both the timing and range of estimated costs of the government’s planned contracting actions. The dynamics of change in governmental operations and in the implementation of the annual budget process are likely to result in significant changes during the fiscal year. It is departmental policy to examine the elements of the Forecast every quarter and to make modifications where relevant.
 
Last Updated: 12/19/2016 10:25 AM

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