Hello, Guest!
  • Saturday, November 23, 2024

BGOV: Federal IT Spending Could Reach $29B in Q4 FY 2019


Jeff Brody

Federal agencies are expected to spend approximately $29B on information technology products and services in the fourth quarter of fiscal year 2019, Bloomberg Government reported Tuesday.

BGOV estimates that the Department of Defense has approximately $14.4B in remaining funds to obligate on IT contracts for the current fiscal year.

The Department of Homeland Security has approximately $2.1B in remaining FY 2019 funds to spend on IT products, while the Department of Veteran Affairs has about $1.8B, according to the analysis.

Federal IT spending contract obligations for Q4 2019 are projected to reach approximately $8.1B and likely to flow through five contract vehicles: General Services Administration™s Schedule IT-70; NASA™s Solutions for Enterprise-Wide Procurement IV and V; GSA™s Alliant Large Business; Veterans Affairs Transformation Twenty-One Total Technology and T4 Next Generation; and GSA™s 8(a) STARS II.

Video of the Day

Related Articles

GSA Releases 8(a) STARS III GWAC RFP; Emily Murphy Quoted Contract Awards

GSA Releases 8(a) STARS III GWAC RFP; Emily Murphy Quoted

The General Services Administration has issued the solicitation for the 8(a) STARS III governmentwide acquisition contract, the agency announced Monday. “I am very proud of GSA’s work in developing the STARS III GWAC with a contract ceiling of $50 billion, more than twice the size of STARS II,” said Emily Murphy, administrator of GSA and 2020 Wash100 awardee.

GSA Eyes New Strategy for Small Business IT GWACs; Laura Stanton Quoted Contract Awards

GSA Eyes New Strategy for Small Business IT GWACs; Laura Stanton Quoted

The General Services Administration has dropped its solicitation for the Alliant 2 Small Business contract vehicle and announced plans to implement a new approach to its governmentwide acquisition contracts for small businesses to meet the federal government’s evolving information technology needs and security threats.

GSA Pushes 8(a) STARS II IT Contract Ceiling to $22B; Emily Murphy Quoted Contract Awards

GSA Pushes 8(a) STARS II IT Contract Ceiling to $22B; Emily Murphy Quoted

The General Services Administration has raised the ceiling value of the Streamlined Technology Application Resource for Services II contract for information technology vendors certified under the Small Business Administration 8(a) program from $15B to $22B.