The Government Market
In most countries, government organizations are a major buyer of goods and services. The U.S. government, for example, buys goods and services valued at $200 billion, making it the largest customer in the world. The number of individual purchases is equally staggering: Over 20 million individual contract actions are processed every year. Although the cost of most items purchased is between $2,500 and $25,000, the government also makes purchases of $25,000 and up, sometimes well into the millions of dollars.