In Q4 of 2022, a consistently healthy state, local and education (SLED) market closed out the 2022 calendar year strong by continuing to beat expectations with modest year-over-year growth in new contractor-addressable opportunities. This impressive growth was led by purchases in key industries like architecture and engineering, construction, environmental services, and professional business services.
This timely report examines how the SLED market performed in the last full quarter of 2022, including year-over-year growth rates by level of government and each of our 12 industries. This latest look at our SLED Recovery Index measures progress as the market emerges from the pandemic.
The SLED market closed 2022 with notable growth, having published 7.7% more bids for the whole year of 2022 vs. 2021.
State governments published 3.8% more bids and RFPs when comparing Q4 2022 vs. Q4 2021.
SLED opportunities for A&E related work grew the fastest of all industries with 9.1% more bids and RFPs published.