What is a Procurement Forecast?
Why does it Matter?
Each of you are at some stage of a powerful journey toward winning lucrative federal contracts. And while you're diving into the complex world of government procurement, it’s critical to leverage a key tool that can set you apart from the crowd: the procurement forecast. ​And the value of procurement forecasting cannot be overstated. It’s the key to making informed decisions and developing relationships in advance, allocating resources effectively, and being much better prepared for each stage of the process towards contract wins.
​
Public Law 100-656 (the Business Opportunity Development Reform Act of 1988) amended the Small Business Act to emphasize acquisition planning. Under this law, federal agencies must compile and make available their projections of upcoming contracting opportunities. This transparency is meant to open doors for small businesses, minority-owned enterprises, women-owned firms, and of course, 8(a) contractors.
But here’s the catch: not all forecasts are easy to find, and even fewer are easy to interpret. That’s where we come in—turning raw government data into actionable intelligence that helps you plan, prepare, and position for future success.
What is Gov Forecast Factor?
At Gov Forecast Factor, we specialize in helping companies quickly and cost-effectively identify contract opportunities that make sense for them to pursue. Federal agencies often publish forecasts listing hundreds or thousands of opportunities. Companies typically assign staff to manually review each entry, filtering for relevant NAICS codes, keywords, or set-asides to produce a manageable shortlist of viable targets.
And that's why companies contract with us — we handle the work for a fraction of the cost you’d spend doing it yourself.
