Top 10 Federal Contract PSCs for Small Business

Small businesses achieved a record-breaking year in federal contracting in FY2024, securing an impressive $183.5 billion in prime contracts, which accounts for approximately 28.8% of all federal contract spending. This landmark achievement underscores the effectiveness of targeted set-asides and strategic positioning within high-demand service areas.

In this podcast, we delve into the top 10 Product Service Codes (PSCs) that channeled the most federal dollars to small businesses during FY2024. You'll discover that all of these top PSCs are service categories, including construction services, professional support, engineering/technical services, IT and telecom, and logistics management. This reflects the significant share small firms receive in federal service and construction contracts, distinguishing them from large contractors who typically dominate big-ticket product procurements.

We'll break down each top PSC, providing insights into:

• The dominant NAICS codes associated with these lucrative opportunities.
• The key funding agencies and big buyers you should target for your specific services.
• Actionable strategies to enhance your competitive edge, such as:

If your government contracting business is in IT, construction, logistics, or professional services, these are the categories to watch and target right now. Tune in to understand where the federal market is actively steering work toward small businesses and how you can position your company for its next big win!