Deltek: Top 20 Federal Contract Value to Reach $220.3B in Fiscal 2015

ContractDeltek has calculated the total value of top 20 federal opportunities to reach $220.3 billion in fiscal year 2015, The Washington Post reported Sunday.

Jennifer Sakole, principal research analyst for Deltek,  writes the contract value represents the highest figure in five years.

Information technology contracts account for 73 percent of the total contract value due to large follow-on programs the government could solicit in 2014,  according to the report.

Follow-on contracts also represent 99 percent of the total value, the Post reports.

Defense opportunities stand at $110.8 billion for fiscal 2015 and the total contract value for civilian agencies hits $109.6 billion,  according to Sakole.

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