5 Things to Know in Government Contracting This Week — February 26 - March 4, 2024

Here are the top 5 things to know in Government Contracting this week:

New Government Contracting Opportunities and Emerging Technologies:

The Department of Energy (DOE) is set to release solicitations for renewable energy projects, including solar and wind farms on federal lands. Concurrently, NASA has initiated a program exploring AI and machine learning in space missions, presenting collaboration opportunities for contractors specializing in AI/ML technologies.

Supplier Diversity, International Trade, and Infrastructure Investment:

The Small Business Administration (SBA) is intensifying efforts to promote supplier diversity, encouraging engagement with minority-owned, women-owned, and veteran-owned businesses. Simultaneously, the Department of Commerce (DOC) has launched trade promotion programs to facilitate international partnerships for U.S. companies, while discussions on infrastructure investment surge, offering significant contract opportunities.

Updates in Federal Contracting Regulations and Cybersecurity Measures:

The Environmental Protection Agency (EPA) has introduced revised regulations for environmental compliance in federal contracts, emphasizing adherence to stringent standards. Meanwhile, recent cyberattacks on federal agencies have highlighted the urgency of robust cybersecurity measures.

Digital Transformation Initiatives:

The Department of Defense (DoD) has unveiled plans for a comprehensive digital transformation initiative aimed at modernizing its IT infrastructure and systems. This initiative, named “Digital DoD,” will leverage advanced technologies such as cloud computing, artificial intelligence, and data analytics to enhance operational efficiency, cybersecurity, and decision-making capabilities across the department. Contractors with expertise in digital transformation and emerging technologies should prepare to engage with DoD opportunities arising from this initiative, as it presents significant potential for collaboration and innovation in government contracting.

Recent Trends in Government Contracting:

This week witnessed notable trends in government contracting, including an increased emphasis on sustainability and resilience in contract requirements. Agencies are prioritizing contracts that promote environmental sustainability and resilience to climate change impacts. Additionally, there’s a growing trend towards outcome-based contracting, where contracts are structured to focus on delivering specific results rather than just outputs. Contractors should pay attention to these trends and adapt their strategies to align with evolving government priorities and contracting practices.

Stay tuned for next week’s edition of “Top 5 Things to Know in GovCon this Week” for more insights and updates from RSM on the ever-changing government contracting industry!

For government contractors seeking to enhance their ERP capabilities and align with the DoD’s new requirements, RSM US LLP’s Government Contracting for Microsoft Team offers specialized services in ERP system integration, customization, and compliance. Our team of experts can help contractors navigate the complexities of implementing Microsoft Dynamics.

Contact our team now:

For information on D365 Business Applications – Jonathan.Reynolds@rsmus.com