“Now that they’ve had a week or so to digest it, contractors are starting to understand what the 2023 budget proposal by the Biden administration is starting to look like. Federal Drive with Tom Temin got one analysis from a man who has studied them for decades. The President and CEO of the Professional Services Council David Berteau...”
“Tom Temin: We’re speaking with David Berteau, President and CEO of the Professional Services Council, but for services vendors, it looks like they threw billions at almost everything standing up in the civilian side?
David Berteau: Well, that’s a great point. You know, there are some areas of focus in the budget in the proposed budget that really matter. There’s big increases proposed across the board for cybersecurity, for modernizing legacy systems, not Just IT, mitigating climate impacts, those increases kind of align with the administration’s priorities. And obviously companies pay attention to that, because where those priorities are, where the funding is going to be, that’s where the contract opportunities are going to be. They’re going to need the help and support of contractors to get that done. There’s other areas, though, where we really can’t tell what the administration is proposed, because the details aren’t public yet. One of those, for instance, is supply chain investments, right? The whole question of supply chain resilience, etc. Back in February, there were six reports issued by seven Cabinet departments calling for a lot of increases, we can’t tell yet what they’ve done to support those priorities whatsoever. And then finally, of course, what matters most for contracts and back to the agencies themselves, is, what the final numbers will be, and when will we see them keep in mind, it’s April where we’re already less than six months away from the start to fiscal year 2023. It’s almost a guarantee that we’ll start the year on a continuing resolution, it could last through December, it could go well into next calendar year, run under a series of CRs. So it may be a long time before we actually have the appropriation, and then they can turn those into solicitations and awards for contracts...” Read the full interview here.
Source: What the 2023 fiscal budget will look like for contractors – By Tom Temin, April 5, 2022. Federal News Network.
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