Data from Onvia’s State, Local and Education Procurement Snapshot for Q2 2016 showed that competitive bid & RFP opportunities in the overall SLED contracting market decreased slightly at a rate of -1.4%, compared to the same quarter the previous year. However, when comparing H1 2016 vs H2 2016, SLED market opportunities saw a 0.6% increase, as the chart on the right indicates.
The Architecture, Engineering, Construction (AEC) group, one of four major industry groups examined in the report, saw a -2.9% decline in the rate of growth for formal published bid and RFP opportunities over the same quarter the previous year.
Below you can find an easy-to-share infographic depicting what happened in the Q2 2016 SLED AEC contracting market:
Highlights: AEC Sub-Sectors Stable and State Contracts Strong
While the overall SLED market saw a decline in the number of contracts issued during Q2 2016, it’s still important to note that there are always government purchasing hotspots in high demand.
For this analysis the AEC group is broken out into three sub-categories: Architecture & engineering, water & energy and construction & supplies.
Both the architecture & engineering and water & energy sectors saw only a slight decline of -0.8% in published bids & RFPs for the quarter – signaling relative stability and regularity in the amount of purchases being made by SLED governments in these areas.
When looking at the AEC bids & RFPs by level of SLED government, state agencies saw the highest rate of growth, publishing 2.9% more AEC opportunities in Q2 2016 vs the same quarter the previous year. This is followed by a -2.3% rate of growth among education agencies and -5.0% rate of growth for local agencies.
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