As revealed in Onvia’s Q1 2016 State, Local and Education Procurement Snapshot, the overall SLED contracting market saw a 2.7% rate of increase in competitive bid & RFP opportunities.
Out of four major industry groups examined in the report, the operations, maintenance and transportation (OMT) group saw a relatively flat rate of growth of -0.3% over the same quarter the previous year.
Special to this blog is a free, easy-to-share infographic that summarizes what happened in the Q1 2016 OMT SLED contracting market:
Steadiness in SLED OMT Contracts Supports Stability in Public Sector Market
The National Association of State Budget Officers (NASBO) reported that 43 out of 50 state agencies enacted general fund budget increases for fiscal year 2016. Onvia confirms with research that points to modest growth for the overall 2016 SLED market.
While 3 of the other major industry groups examined (Technology, AEC and Business Services) all saw some growth in Q1 2016, the OMT group remained relatively steady. The OMT market specifically shows a -0.3% rate of growth in the number of opportunities, which follows a +2.8% rate of growth during the previous quarter (Q4 2015).
Highlight: Transportation/Vehicles Leads at 1.5% Growth
Out of the three sub-categories, transportation/vehicles saw the largest rate of increase in bid & RFP opportunities for the quarter at 1.5%.
Highlight: OMT Contracts Driven by State and Education Agency Contracts
When looking at the distribution of OMT projects issued in Q1 2016 by level of SLED government, projects issued by state agencies stood out with a 2.6% rate of growth. OMT projects issued by education agencies followed with a 1.4% rate of growth.