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Plan Ahead with GovWin's Exclusive Federal AEC Budget Outlook for FY 2024

GovWin’s exclusive Federal Architecture, Engineering and Construction (AEC) Budget Outlook, FY 2024 report provides insight into over $56.3B in contractor-addressable requested funding relevant to AEC firms. Fill out the request form to the right to to get your copy of this unique analysis that's purpose-built to help AEC companies develop their strategic federal business development plans.

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What's Inside:

Produced by GovWin’s industry leading Federal Market Analysis Team, this timely report analyzes and breaks down the proposed program investments and policy directives outlined in the Biden Administration’s $1.8T fiscal year 2024 discretionary budget request as it relates to architecture, engineering and construction (AEC) firms. It aims to deliver a comprehensive view of the federal government's upcoming spending plans relevant to providers of common AEC related offerings such as: construction services, architecture and engineering services, construction related materials and facilities purchasing and leasing services.

“Since becoming a GovWin IQ member, we realized very quickly why Deltek's known as the 'gold standard' for research and tracking of the government market.”

Tomette Herring, Sr. Business Development Director, DCS

Sample Findings from the Report:

$56.3B for AEC-Related Activities for FY 2024

The Biden-Harris Administration’s FY 2024 federal budget request contains over $56.3 billion for AEC-related activities with additional infrastructure funding on top of those already boosted by the Infrastructure Investment and Jobs Act.

$26.3B Requested by DoD

The Department of Defense (DoD) plans to spend the most on contractor-provided AEC goods and services in FY 2024 with a funding request of $26.3 billion.

$43.7B for Construction Services

With $43.7 billion requested for construction services contained in the FY 2024 Federal Budget Request, this segment makes up the majority of AEC expenditures at nearly 78% of total AEC spending.

65%

The Biden-Harris Administration increased the Made in America Agenda content threshold to 60% in FY 2023, with an increase to 65% planned for FY 2024. This will have an impact on construction contractors' supply chain resilience strategies and costs.

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