Women-owned businesses have retained a 4-percent share of the federal contracting market since fiscal year 2010, Deltek‘s Kathleen Sievers wrote in a Washington Post piece published Sunday.
Sievers, a senior research manager at Deltek, writes women-owned small businesses and economically disadvantaged, women-owned small businesses account for 80 percent of that contract spending.
The federal government increased its professional services contract spending to $6.4 billion in fiscal year 2013, up 3.8 percent from the previous fiscal year, according to Sievers.
In a separate survey, Deltek found that federal contract vendors forecast total revenue to increase 14 percent during fiscal year 2014 (click over to ExecutiveGov for more perspective on that research).
Total spending on architecture, engineering and construction contracts fell to $32.4 billion between 2010 and 2013, the report says.
Sievers writes women-owned businesses saw a 50 percent decline in funding for those contracts for the same period.
Architecture, engineering and construction contracts accounted for 20 percent of all women-owned business contracts, the article says.
