First-Time Suppliers to U.S. Drop Most Since '05: BGOV Barometer
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The number of new suppliers to civilian U.S. government agencies declined this year by the most in at least five years, even as federal contracting officials pledged to expand the pool of vendors.
The BGOV Barometer shows that contract orders in fiscal 2011 went to 19,650 companies that hadn’t done any business with the U.S. government in the previous five years. That number was down 23 percent from 2010, the biggest annual decline since 2005, the most recent year for which comparable data are available.