With a contracting budget approaching $650 billion per year, the United States government is the largest consumer of goods and services globally. In 2020, the federal government spent $145 billion, an equivalent of 26% of its total procurement spending, with small businesses. Breaking into government contracting can be a tremendous opportunity for small and emerging companies, but it also carries significant challenges and risks. Government contracts often impose unique requirements and complex regulatory schemes that differ significantly from the commercial marketplace.
