The Start of FY21 Federal Contracting

Happy New Fiscal Year! 

I never thought I'd be so happy to say that phrase - but it just means we are one step closer to the calendar New Year and 2021 is upon us. 2020 has been rough, in so many ways. The New Year will at least bring a fresh start and hopefully some relief from these trying times.

Federal contracting for FY21 has begun and I thought it would be cool to look at the first day of contracting that took place.

Screen Shot 2020-10-02 at 10.40.21 AM

Data as of 10/01/2020, Source Fedmine

$1.65B was awarded on 10/01/2020 to 3,108 companies. 

$1.32B came solely from the Department of Veterans Affairs awarding to 1998 companies. 

Of the $1.65B that was awarded, 35.2% went to Small Businesses or $580.83M. 

The Top 10 Prime Contractors are below:

chart-2Data as of 10/01/2020, Source Fedmine

I've linked the Fedmine company profile for Red River Technology, LLC so we can get a good understanding of their federal experience and also to demonstrate an example of Fedmine's robust company profiles.

Here are the top NAICS with 541519 - Other Computer Related Services in the number 1 spot:

chart-3Data as of 10/01/2020, Source Fedmine

How much of these awards utilized the Covid-19 National Interest Action Code? About $94M!

Screen Shot 2020-10-02 at 1.47.53 PMData as of 10/01/2020, Source Fedmine

646 new solicitation notices came out on the first day of the new fiscal year.

Screen Shot 2020-10-02 at 2.02.58 PMData as of 10/01/2020, Source Fedmine

FY21 is off to a great start and here's wishing big success to all for the New Year!


*contract awards do not fully account for DoD FPDS-NG awards as they have not yet been reported due to 90 day lag

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Leila Salim

Written by Leila Salim