Fiscal Year Trend 2021-2025

Understanding Contract Trends Over Time

Understanding Contract Trends Over Time

Each year follows a consistent pattern in contract start dates, with certain months seeing a higher volume of new contracts. The trend shows that most contracts are initiated at the beginning of the fiscal year, gradually decreasing as the year progresses. This suggests that businesses have a greater opportunity to secure contracts early in the year rather than later.

April marks the peak for new contract starts, aligning with the beginning of the fiscal year, followed by notable activity in June and August.

Tip: Businesses should focus on procurement processes ahead of these peak months, to improve their chances of securing contracts

The table below provides a detailed overview of the total number of contracts awarded, the total contract value, and the proportion of original contracts versus extensions for each fiscal year analyzed. Some contracts may have multiple extensions within the same fiscal year or across subsequent years. On average, approximately 81% of contracts signed each fiscal year are new agreements, while around 19% are extensions of existing contracts.

Fiscal Year

Total # contracts

Total contract amount

Original contracts

Extensions

2021-2022

16664

$754,100,208

81.54%

18.46%

2022-2023

15539

$702,701,254

80.94%

19.06%

2023-2024

16704

$856,973,732

81.99%

18.01%

2024-2025

15451

$626,211,673

82.39%

17.61%

Disclaimer

The data presented is derived from the Yukon contract registry, specifically for the fiscal periods of 2021-22, 2022-23, and 2023-24. It should be noted that contracts related to ‘Goods – Transportations Maintenance Branch Only’ and ‘Goods – excluding Transportation Maintenance Branch’ are excluded from this dataset.