PROJECT 38: What fiscal 2020 spending tells us about the market
With fiscal 2020 just wrapped up, Bloomberg Government's senior defense analyst Rob Levinson and WT senior staff writer Ross Wilkers take the opportunity to look back at those 12 months and they look ahead at what might happen next, particularly with how civilian agencies have stepped up their spending.
Fiscal year 2020 just wrapped up and that presents an opportunity to both look back upon those 12 months and look ahead to the next. In this episode of Project 38, Bloomberg Government’s senior defense analyst Rob Levinson helps us do just that as we review how civilian agencies put their contracting dollars to work in fiscal 2020.
The coronavirus pandemic response led to a 17 percent spike in contract spending by those agencies last year and the final number came out to $228 billion in obligations. Looking under the hood of those numbers also helps reveal the different methods agencies have used to award those contracts and what they have prioritized during the pandemic.
Levinson also sheds light on other trends he and his BGOV colleagues are looking at to better understand what the federal contracting environment looks like today and what they are watching for in fiscal 2021, now just in its third week.
