Fiscal year ends every September. It exists for accounting necessities and tax compliance. According to GovTribe, government spending increased several times during each September in the last decade or so.
Departments are given a budget each year and if there is excess, it goes back to the US Treasury. Less money allocated to the department the next year.
No one wants less, and the fiscal year end is the period officials want the ‘excess’ drained. This drainage results in higher spending during the final quarter of the fiscal year.
During the fiscal year end are greater opportunities to win large government contracts because more is being awarded, easy right? Make sure you apply to RFPs this season; some decisions are made within weeks to make the cut!
In conclusion the RFP is a way to ask for work needed to be done and it is the primary source of jobs for most Americans today. Understanding this RFP procurement system will hopefully allow more people to rightfully prosper with a little elbow grease.
This is not intended to be or replace legal advice and we are not liable for any damages resulting from information from any of the contents of this entire document. Please consult an attorney for actual legal queries regarding any Federal statutes and laws.