2007 Annual Update on Government Contracts (Florida)

Foley hosted the 2007 Annual Update on Government Contracts seminar for the first time in Orlando, Florida this fall.

U.S. government procurement in fiscal year 2007 set another record, reportedly increasing to $425 billion, a 10-percent increase over 2006. Spending such large sums of money will likely continue even if U.S. troops leave Iraq, as the military repairs and replaces equipment consumed in the war, and the U.S. government continues to exploit new technologies in the war on terror. Florida state agencies spent another $6.4 billion last fiscal year, in addition to purchases by counties and cities in Florida.

Government procurement does not occur in a political vacuum. With last year’s change of control in Congress, numerous proposals on “acquisition reform” are under consideration. The promise of a spirited presidential campaign without an incumbent will set the scene for campaign promises to “fix” the problems of fraud, waste, and abuse by using taxpayer money wisely, getting “more bang for the buck,” and simultaneously fixing society’s social ills. A new administration in Tallahassee presents the governor as well as cabinet members with the chance to “leave their mark” on the state for years to come. Being a government contractor presents a challenging and potentially rewarding opportunity.

For many years, Foley has conducted government procurement seminars near its Midwest offices. In November, we are bringing the program to Orlando to highlight our experience and capabilities in both federal and Florida state procurement.

For additional information, please contact Jennifer Bartz at [email protected].