It is that time of the year again when the federal government starts pushing some projects before the budget closes. As a reminder, the federal government’s fiscal year-end is every March 31. Historically, during the last three months of the fiscal year, we have seen plenty of tenders and contracting opportunities on Merx.
In this article, we are going to show you some data and how you can take advantage of the remaining open tenders for the fiscal year. We will also guide you on how to prepare your business for opportunities this upcoming fiscal year 2023-2024.
The Budget for FY 2022-2023
The 2022 budget, which was passed on June 23, 2022, has some big provisions that might interest you, one of which is to provide $2.75 billion for the Universal Broadband Fund to support Internet access in rural areas. Another interesting provision is the $55 million funding to maintain the Trans Canada Trail.
There is also $4 billion in funding for the construction of 100,000 new housing units for the next 5 years. $346 million is allocated to train firefighters and provide them with new equipment, and $169 million for a new wildfire satellite monitor system.
Here is the current year’s budget and the forecasted budget for the next fiscal year at the provincial levels.
- Top three sectors in Ontario:
- Health sector spending: $76.8 Billion (40%)
- Education: $35 Billion (18%)
- Children and social services: $33.6 billion (17%)
- Alberta:
- 2022: $62.1 billion
- 2023: $63.9 billion (forecast)
- British Columbia:
- 2022: $71 billion
- 2023: $83.3 billion (forecast)
- Quebec:
- 2022: $126.6 billion
- 2023: $143.3 billion (forecast)
Finding Open Tenders on Merx
Merx is the place to find opportunities to help grow your business. We partner with public and private agencies to publish tenders and notify suppliers. We also research and collect open tenders across the country so suppliers can focus on winning contracts.
As of February, there are over 3,700 current open tenders and over 33,000 closed tenders that were published this fiscal year. Of these tenders, based on the GSIN Category Codes, over 21,000 were for services, over 11,000 for goods, and over 9,000 for construction.
Below is the breakdown of tenders published for this fiscal year by province.
- Alberta: 5,300+
- Ontario: 9,800+
- Quebec: 1,000+
- BC: 5,300+
Finding tenders and contracting opportunities on Merx is easy. Start by going to the open tenders page and search by keywords or select the categories.
Preparing Your Business for Upcoming Opportunities
The best plan to help grow your business is to prepare for upcoming tenders when a new fiscal year approaches. Being a supplier on a bidding platform like Merx can help in providing leads on contracting opportunities ahead.
Being a supplier on Merx means that you get access to open tenders and get notified of matching opportunities. There are 4 different types of plans that you can choose from. Monthly plans allow you to download unlimited documents and access the provinces or regions of your choosing.
Open tender notifications can help you get on top of submitting your bid by having plenty of time to prepare documents needed, budgeting purposes, and your business pitch. Ultimately, Merx can help you focus on prioritizing your business needs by sending you tenders that match your business offerings, clearing out unnecessary tenders.
Signing up on Merx is easy and you can get started within minutes. Take advantage of the fiscal year-end spending and grow your business with Merx.
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