1.5 Trillion Reasons Your Company Should Start Bidding SLED Contracts
What if you could instantly triple the number of government contracts available for you to bid on? Well, if you’ve been bidding on federal contracts in the construction industry, we’ve got good news for you! Meridian West is excited to announce that we are expanding our offering to encompass the SLED market and here’s why your company should too.
What is SLED?
The state, local and education (SLED) procurement market is a massive opportunity for your company to expand its sales potential. According to Onvia, SLED procurement spending is more than three times larger than the amount spent by the federal market. That’s more than $1.5 trillion in total annual spending!
This huge budget results in more than 500,000 total bids and request for proposals (RFPs) published by SLED agencies annually, nearly half of which are designated to the construction industry. These bids and RFPs are numerous and diverse, meaning there are plenty of opportunities of all types and sizes for you to pursue. Here’s a breakdown of the SLED procurement spending by contract value in the construction industry.
SLED Procurement Spending by Contract Value in the Construction Industry
The SLED market is comprised of more than 90,000 purchasing entities across five government agency types: Education, Special District, County, City and State. The number of bids and RFPs released for the construction industry by agency type is broken down here.
SLED Procurement Spending by Agency in the Construction Industry
The SLED market is immense, but also highly fragmented and complex. This makes the market difficult to navigate and poses significant challenges for vendors to successfully identify valuable opportunities. In fact, it might be too challenging for average vendors to reasonably include in their sales strategy on their own. Luckily, Meridian West is here to help!
Your Strategy to Successfully Capture Your Sales Potential in the SLED Procurement Market
Succeeding in the SLED market can take a tremendous amount of time and resources, however, Meridian West is rolling out a new complimentary service to help you reach your full sales potential in the SLED market.
We’re expanding our offering into the development and implementation of disciplined, proactive strategies for our clients to make data-driven bid decisions while navigating the SLED market. Let us help you break into the SLED market and find, bid and win your first SLED contract!
Take advantage of this FREE offer! Contact Meridian West to learn more about how your business can benefit from branching into the SLED market or fill out our Opportunity Tracking Form and receive a free SLED Opportunity Tracking Report.
While we test this new service, we’re offering complimentary leads tracking for SLED opportunities in the following 10 states:
Don’t see the states you’re interested in? Let us know! We love your feedback!