Federal agencies have spent an average of nearly a third of their annual contract dollars over the last decade during periods covered by continuing resolutions, when most new project spending is blocked and funding gets pegged to the previous year’s levels.
But when agencies operate under temporary spending measures for more than 150 days, as they have this fiscal year, the contract share subject to spending constraints jumps to 40%, according to Bloomberg Government analysis.
Congressional budget dynamics have added considerable risk and uncertainty to doing business with federal agencies, particularly for small and mid-sized companies. Funding delays and ...