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Are you currently doing business in Canada but looking to expand into other markets? Jumping into the U.S. market can be a big step, but it’s worth it if you’re looking to grow, make more connections, and win more government contracts. The U.S. federal government is the single largest buyer in the world and is always looking for new products and services. If you think your business provides something that U.S. governments would be interested in buying, try tapping into this billion-dollar contracting market with the help of merx U.S. Tenders.
The U.S. federal government spends over $500 billion annually on a wide variety of goods and services which are purchased by various agencies. State and local governments also spend billions of dollars annually, giving you a wide range of opportunities to go after.
Let’s look at some recent big spending bills to give you an idea of what you can tap into by selling your products and services in the U.S.
The $1.2 Trillion U.S. Infrastructure Bill
In November of 2021, the $1.2 trillion Infrastructure Bill was signed into law, providing funding for various types of infrastructure projects, with many already underway. There’s expected to be a great influx of federal bidding opportunities from this bill over the next several years as funding continues to be disbursed. To give some insight into the bill, here are some areas that will receive a large sum of funding: $100 billion for roads and bridges, $66 billion for railroads, $65 billion for broadband, $65 billion for power, and $55 billion for drinking water systems. These are just a few of the many areas where we’ll see funding over the next several years. If your business starts selling to U.S. government agencies, you too can bid on these types of opportunities that may match perfectly with what your business provides.
Federal Fiscal Year End Spending
The U.S. federal government’s fiscal year ends on September 30th. As FY22 is nearing the end, now is the perfect time to take advantage of last-minute spending before the start of FY23. A $1.5 trillion spending bill was signed into law in March for the rest of FY22, meaning there are still thousands of bidding opportunities left to go after before this fiscal year ends. According to usaspending.gov, $800.4 billion has already been spent on contractual services and supplies as of June 30, 2022, proving there’s a lot of money being spent on a variety of different products and services all throughout the year. And don’t worry, if you happen to miss out on this last-minute spending, you can prepare your business for FY23’s budget which will bring along many new lucrative opportunities to start bidding on.
How to Tap into The US Government Procurement Market
It can be overwhelming for your business to take on selling to U.S. governments on your own. That’s why the Government of Canada has created the Canadian Commercial Corporation (CCC), which is a crown corporation that acts as Canada’s international contracting and procurement agency. As stated from tradecommissioner.gc.ca, the CCC helps with the negotiation and execution of contracts between Canadian exporters and foreign government buyers. The CCC basically acts as the intermediary and signs two contracts, one with the U.S. buyer and one with the Canadian supplier to ensure the contract is completed according to the conditions set and that the payment schedule is maintained in a timely manner. This can help make bidding on government opportunities in the U.S. a lot easier and safer for your business and you won’t need to worry about something going wrong.
How to Find US Tenders Through Bidnet Direct
Finding US tenders is easier than you may think. You don’t need to search through various government agencies’ sites to find out what is currently open to bid on. Merx is partnering with Bidnet Direct to provide access to suppliers on Canada find tender opportunities in the US. Here are some of the benefits of using Bidnet Direct:
- Exclusive government buyers
- Real-time opportunity alerts
- Advanced search tool
- Electronic Bid Submission
- Expand your business to surrounding states or nationwide
- Advertising Profile
With Bidnet Direct, you’ll be able to stay ahead of the game and get out in front of these opportunities with plenty of time to focus on writing your winning proposals. By receiving daily email alerts with matching opportunities, you won’t have to worry about missing out on something that could be a great fit for your business. Expanding to the U.S. government procurement market will give you a world of new opportunities to bid on, and with the federal government spending trillions of dollars a year on a wide range of goods and services, there’s a lot of potential for success. Register with Bidnet Direct and start taking advantage of these features today!
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