Confident and well-supported by stimulus funding, the state, local and education (SLED) market in Q3 of 2022 surpassed pre-pandemic total bid volumes for the first time. This impressive growth was led by purchases related to architecture and engineering, environmental services, healthcare and transportation.
The report provides a timely review of the latest contracting trends, including year-over-year growth rates by level of government and each of our 12 industries, and features our SLED Recovery Index measuring progress as the market emerges from the pandemic.
The SLED market continued on its strong recovery path in Q3 2022.
Local governments published 8.1% more bids and RFPs.
Q3 2022 saw a 12.9% growth rate for the A&E industry.