Beginner’s Guide to the GSA Contract

Government Contract Awards by NAICS Codes

North American Industry Classification System (NAICS) codes can provide valuable insight on government spending. Researching by NAICS codes can tell you what types of products and services the government is buying, which agencies are buying them; and who your potential competitors are.

Whether you’re evaluating the government market for the first time or reevaluating the market to adjust your strategy, get a jumpstart on your research with the spending data and tips below.

Government Contract Awards by
NAICS Codes FY 2022

The interactive charts below are sourced from the System for Award Management (SAM.gov). SAM.gov includes contract awards reported by agencies; agencies are not required to report contracts valued under $10,000.

Top 10 NAICS Codes in FY 2022

The chart below shows the top ten NAICS codes with the highest government contract awards in fiscal year 2022. The dark blue bars represent total fiscal year 2022 contract awards for each NAICS Code, while the bright green bars illustrate how much of that total was awarded to small businesses.

In fiscal year 2022, government buyers spent the most under the NAICS code for Engineering Services, 541330. The Professional, Scientific, and Technical Services sector (indicated by NAICS codes beginning with 54) accounted for four of the top ten spots and approximately 30% of all government contract awards in fiscal year 2022.

Top 10 NAICS Codes for GSA Awards in FY 2022

The chart below shows the top ten NAICS codes with the highest amount of awards through the GSA Multiple Award Schedule (MAS) Contract and the VA Federal Supply Schedule Contract in fiscal year 2022. Collectively, these two contract vehicles are referred to as the GSA/VA Schedule or FSS. The light blue bars represent total GSA/VA Schedule contract awards in fiscal year 2022, while the bright green bars illustrate contract awards to small businesses.

When it comes to awards through the GSA/VA Schedule, services dominate, accounting for nine of the top ten NAICS codes. While the Professional, Scientific, and Technical Services sector accounts for approximately 30% of all government contract awards, it accounts for more than 60% of awards under the GSA/VA Schedule.

Another observation worth noting is the higher percentage of awards to small businesses through the GSA/VA Schedule. Out of the top ten NAICS codes, small businesses accounted for less than 20% of total federal government contract awards. However, under the GSA/VA Schedule, small businesses accounted for 45% of awards within the top ten NAICS.

How to Research NAICS on USASpending.gov

USASpending.gov is an official government website that provides data on the U.S. federal government’s spending. If your company is researching the government market, USASpending.gov is a free, user-friendly resource. Follow the steps below or view the short video (no sound) to find which government agencies are purchasing the products/services you offer and which companies are competing for these awards.

 

  • Go to USASpending.gov
  • Click “Award Search” from the main menu and select “Advanced Search”
  • Select your filters from the left hand side menu
    • Time Period: Select the fiscal years you would like to view
    • Award Type: Contracts/Contract IDVs
    • North American Industry Classification System (NAICS): Enter the NAICS Code you would like to search
  • Click “Submit Search”

NAICS Code Government Spending Report FY 2022

Search for your company’s NAICS codes or the keywords associated with your products/services to see fiscal year 2022:

  • Federal Contract Awards by NAICS
  • Small Business Contract Awards by NAICS
  • Federal Supply Schedule (FSS) (GSA & VA Schedule Contract) Awards by NAICS

Can a GSA Schedule Expand Your Government Sales?

Government buyers spend more than $40 billion annually through the GSA Multiple Award Schedule Contract (GSA Schedule). Learn more about what the GSA Schedule is, if your company is eligible, and how to get a GSA Schedule Contract.

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Federal Schedules has helped businesses of all sizes successfully obtain, manage and grow with GSA and VA Schedule Contracts for more than 35 years. As the leading government contracts consultant, FEDSched provides an unrivaled level of expertise and guidance businesses can trust to navigate the intricacies of the GSA Schedule Contract and stand out in the federal market space.

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