RSMUS.com
Stay ahead in the dynamic world of government contracting with our roundup of the top five must-know updates from this week.
1. Record-Breaking Federal Contracts for Small Businesses The Biden-Harris Administration has awarded a record-breaking $183 billion in federal contracts to small businesses, marking the fourth consecutive year of growth. This milestone underscores the administration’s commitment to supporting small enterprises and fostering a diverse and competitive government contracting ecosystem. Small businesses should seize this opportunity to expand their federal contracting footprint.
2. GovCon Index Off to Rough Start in 2025 The GovCon Index has experienced a challenging start to 2025, with a significant selloff on Wall Street impacting the sector. This downturn reflects broader market volatility and investor concerns about economic stability. Government contractors should stay vigilant and consider strategies to mitigate risks associated with market fluctuations.
3. DoD Tackles Mineral Stockpiling Challenges The Department of Defense (DoD) has enlisted advisers to address challenges related to mineral stockpiling. This initiative aims to secure critical minerals essential for national security and defense manufacturing. Government contractors involved in the supply chain for these minerals should stay informed about evolving policies and potential opportunities arising from this strategic focus.
4. Big Changes Ahead for DoD Cybersecurity Program The DoD’s cybersecurity program is on the brink of significant changes, with the second phase of the Cybersecurity Maturity Model Certification (CMMC) set to roll out. This phase will introduce more stringent requirements for contractors handling controlled unclassified information (CUI). Contractors must ensure they are compliant with the new standards to maintain eligibility for DoD contracts.
5. Key Opportunities in DoD’s FY25 Budget The DoD’s FY25 budget presents several key opportunities for government contractors. The budget emphasizes investments in advanced technologies, cybersecurity, and infrastructure, creating a fertile ground for contractors specializing in these areas. Staying abreast of budget allocations and aligning capabilities with DoD priorities will be crucial for securing new contracts and driving growth.
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.
As Microsoft continues to innovate and expand its offerings, government contractors can benefit from leveraging Dynamics 365 and the secure cloud services of GCC High to optimize their operations and ensure compliance with federal regulations.
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
For information on GCC High licensing – Thomas.Turner@rsmus.com
For information on CMMC/GovCon services – Charles.BarleyJr@rsmus.com
Susanna Hoffpauer
Susanna Hoffpauer is a dedicated member of RSM's GovCon team, specializing in the implementation and sale of RSM's tailored government contracting services. With a focus on Dynamics 365 Finance & Operations (D365 F&O), Susanna brings a wealth of expertise in streamlining financial and operational processes for government contractors. In today's rapidly evolving regulatory landscape, Susanna ensures clients remain compliant with critical standards, including the Cybersecurity Maturity Model Certification (CMMC). Her commitment to excellence and deep understanding of compliance requirements makes her a trusted advisor in the government contracting space.
