Annapolis, MD — The Governor’s Office of Small, Minority & Women Business Affairs today announced the State of Maryland’s procurement forecast for Fiscal Year 2025 is now available on its website.
“The procurement forecast makes it possible for our small, minority, women, and veteran business owners to make data-driven decisions when exploring opportunities to perform in the state contracting arena,” said Special Secretary of the Governor’s Office of Small, Minority & Women Business Affairs Y. Maria Martinez. “This is a very powerful tool.”
The database comprises both new and recurring items that are projected to take place through June 30, 2025. Users can search by agency, procurement category, region, projected advertisement date, or contract value. When search results are downloaded into a spreadsheet, users get expanded information, including the buyer’s name, email address, and phone number.
Nearly 25 percent of all items in the FY2025 forecast are valued between $100,000 and $500,000 and may include subcontracting goals for certified Minority Business Enterprise (MBE) and Veteran-Owned Small Business Enterprise (VSBE) firms or be designated to a certified small business prime contractor through the Small Business Reserve (SBR) Program.
“Vendors in our MBE, VSBE and SBR programs are often looking for opportunities at lower thresholds,” Martinez said. “I am pleased to report that 25 percent of the forecasted items fall within the $15,000 to $99,000 range across every procurement category.”
Deciphering the data can be challenging. The Governor’s Office of Small, Minority & Women Business Affairs has prepared a video with strategies for mining this valuable pipeline. Visitors can also download the accompanying slide deck with screen shots of all the steps in the data mining process.
To access the database, view the video, and download the slide deck, visit the Procurement Forecast tab at goMDsmallbiz.maryland.gov.
