The transportation industry is one of many that is essential to our growing economy. Almost everyone uses some form of transportation to get to where they need to go daily. Whether it be the use of highways, bridges, sidewalks, planes, or railroads, there’s always something that needs to be updated or built. If your business provides goods or services related to the transportation industry, bidding on government opportunities is a great way to get in on some of these massive and lucrative projects.
Transportation Spending to Look Out For
Every fiscal year the federal government, as well as state and local governments, passes budgets determining how much they’re planning to spend on a variety of different projects. As you may know, Congress recently passed and signed into law the $1.7 trillion federal spending law, which will fund government agencies’ projects through September 30, 2023. This spending law includes a $106.3 billion budget for the Department of Transportation, a $3.4 billion increase from FY22’s budget. Some of this funding will go toward the following:
- $62.9 billion for the Federal Highway Administration
- $19 billion for the Federal Aviation Administration
- $16.9 billion for the Federal Transit Administration
- $3.4 billion for the Federal Railroad Administration
This means there will be a lot of new transportation bids issued by the federal government that your business can go after.
Make sure to also keep an eye out for spending at the state and local levels, as each state passes a new budget each fiscal year. This will result in even more spending on updating our transportation infrastructure, leading to more government bid opportunities for businesses like yours to bid on. For example, New York has a proposed budget of $32.8 billion for transportation infrastructure as part of their FY23 budget. In California, the FY22-FY23 budget for transportation provides a total of $33 billion to a variety of different departments to improve their infrastructure. Whether you do business in one state or nationwide, you can expect a lot of funding over the next year and hundreds or even thousands of new transportation bids issued.
How To Find Transportations Bids
Finding all these bid opportunities isn’t as challenging as you may think. By utilizing a government bidding solution like Bidnet Direct, you can find and get notified of opportunities that match with the goods and services your business sells, all on one platform, making it easy to go after the best opportunities for your business. On Bidnet Direct, there have been thousands of bids for transportation-related projects published over the last year, and there are currently over 3,000 that are still open to bid on.
Before you start bidding, one of the best ways to gauge what government agencies may be looking for, as well as what your competitors are doing, is by looking through closed and awarded solicitations. This can help you find out who bid on the opportunity, what the documents and specifications entailed, and what it was awarded for, which could really help improve your future proposals. Here are a few examples of recently closed transportation solicitations to give you an idea of what you can find:
- Traffic Line Painting – Pennsylvania
- Airplane Maintenance – California
- Old Dixie Highway Driveway and Ditch Repairs - Florida
- Engineering Services – Hillard Street Bridge Replacement - Connecticut
Getting Notified of Transportation Bids
Getting notified of new bid opportunities is one of the best ways to find out when an agency issues a bid that matches what your business provides. As a registered vendor on Bidnet Direct, it’s easy to set up your profile and start getting notified. First, you’ll want to set up your NIGP category codes which will help match you with the right bids. Head over to your organization’s profile to the “Working Categories” section, and there you can scroll through a list of all NIGP categories or search by keywords such as “transportation”, “roads”, or “bridges”. Once you save those to your account, you’ll be able to start getting daily email notifications with matching transportation bids. Here are a few examples of NIGP categories that you may want to select:
Keyword: Transportation
- 55600 – Mass Transportation – Transit Bus
- 55800 – Mass Transportation – Rail Vehicles and Systems
- 92593 – Traffic and Transportation Engineering
Keyword: Road
- 74500 – Road and Highway Building Materials (Asphaltic)
- 76000 – Road and Highway Equipment: Earth Handling, Grading, Moving, Packing, etc.
- 91364 – Maintenance and Repair: Airport Roadway, Runway, and Taxiway
Our “Solicitation Search” feature also allows you to search for bids by specific parameters such as location, NIGP categories, purchasing group, keywords, closing date, and more. You can then save those searches at any time to also receive notifications when new bids are issued that match that search.
Grow Your Business
With billions of dollars in spending on the horizon for the transportation industry at both the federal and state and local levels, there’s plenty of chances for you to score big. And remember, since the federal budget was just recently signed into law, if you currently only do business at the state and local levels, you may want to consider expanding to the federal level to give yourself a greater chance at winning these big contracts coming up. With Bidnet Direct, you can choose from a variety of different package options to cover all your business needs. Get registered, get notified, and start bidding on transportation opportunities today!
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