SEATTLE, March 23, 2017 /PRNewswire/ -- Onvia (NASDAQ: ONVI), leading commerce intelligence in business-to-government (B2G), today released its latest market research report, "Sizing Up B2G Infrastructure: Government Contracts and Investments for 2017-2018". The report reveals government contract data from Onvia's B2G Intelligence System (B2GIS), analyzing bids, RFPs, historical awards and future planned projects by industry, structure type and level of government. Readers will understand the factors driving a positive outlook for infrastructure contracts and gain access to a nationwide state ranking index – which maps states with the highest volumes of planned projects beginning in 2017 and 2018.
The Outlook for Government Infrastructure Contracts is Healthy
After years of underinvestment and deferred maintenance, the nation's infrastructure received a D+ grade in the 2017 Infrastructure Report Card by the American Society of Civil Engineers. However, as the urgency to improve infrastructure grows as a national priority, there are many reasons for vendors to be encouraged about the prospects of winning more government contracts from federal, state and local governments.
"Overall, the government marketplace for infrastructure is healthy and growing," said B2G Market Analyst Paul Irby. "The noticeable uptick in SLED contract volumes we recorded in Q4 '16, recent voter approved projects valued at $200 billion and the much anticipated federal stimulus are just a few of the reasons that contractors should be optimistic about the potential for long-term recovery."
The Government Market for Infrastructure by Industry, Structure Type and Buyer
Infrastructure investments span many categories and galvanize multiple sectors in the nation's economy. For the purposes of this analysis, Onvia's Market Research team used a comprehensive definition that looks at bids, RFPs, awards and future planned projects relevant to vendors in a number of industries, including water, energy, architecture, engineering and construction. The report also segments the market by level of government and by selected structure types, which include the following:
- Airports & Aviation
- Ports & Waterways
- Utilities & Dams
- Educational Facilities
- Civic & Cultural Buildings
Understand the Landscape for Infrastructure Contracting Opportunities in B2G
This report equips readers with useful insights to gain a better understanding of what's driving opportunity growth and a positive outlook for infrastructure contracting in the public sector.
Business leaders, government buyers and media can analyze and size the government market for infrastructure by requesting a complimentary copy of the report here.
Onvia (NASDAQ: ONVI) is the leading commerce intelligence company at the core of the business-to-government (B2G) marketplace. Applying advanced technologies and domain expertise, Onvia curates data about millions of exchanged contracts, agencies and decision makers, vendors and channels, projects and investment plans, awards records and market trends. Our B2G Intelligence System (B2GIS) delivers quality leads, process agility and strategic foresight, equipping companies of all sizes to grow their public sector business and government agencies to gain procurement efficiency. Resolving the friction in this vital, complex, multi-trillion-dollar marketplace, we create mutual value for private and public sectors, taxpayers and society at large.
Visit https://www.onvia.com to explore what makes business, government and media trust Onvia for B2G market insights.
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SOURCE Onvia, Inc.