The first step is to ensure your business is ready to bid on a federal contract. According to the Small Business Administration (SBA), the government favors working with established businesses with a track record of delivering goods and services on time and within budget. One way to demonstrate...
Landing a government contract might not fund a business for its lifespan, but it certainly pays well, and more importantly, it can open other doors. In this article, we’ll go over what a government contract entails, what bidding on government contracts looks like, and how to bid on gover...
Starting a government contracting business can be daunting, but it can also be a great way to set yourself up for success. Government contracts provide an opportunity to make money by providing goods and services to the federal or state governments. With the right preparation and knowledge of th...
Government contractors are no strangers to complying with strict regulations. However, several upcoming environmental, social and governance (ESG) regulations from the Security and Exchange Commission (SEC) and the European Union (EU) could impact government contractors’ ability to bid on future...
The article offers tips on how small and medium-sized enterprises (SMEs) can bid for public sector contracts in Great Britain as of October 2014. Topics covered include the flexibility of and innovative solutions offered...
You might think of prime contractors at the federal government level as huge firms, but that’s true mostly for megaprojects. There are still plenty of small prime contracts available to small businesses. Besides offering your services as a prime contractor, you can also join with other contracto...
In turn, the DOD offers security, pays on time and ensures that the checks always clear. Getting those contracts requires multiple registrations, demonstrating that your business can handle the contract and a dedicated perseverance in presenting a winning bid. Register as a Federal Government Vendor...
business, you’re going to need to obtain your federal and state tax ID numbers, known as your employer identification number (EIN). This is how your business is recognized by the government when it comes to paying taxes on both the state and federal levels. Furthermore, you’ll need a ...
Procurementcontracts can be fertile ground for kickback schemes. Contractors who are interested in winning the business are typically required to bid against each other in the granting of a government contract such as for office equipment. Rather than playing fair, a contractor might reach out to ...
We analyse the bidding for unit-price contracts, a very common procurement auction. With a unit price contract, not the provision of the good but the employment of several kinds of inputs is priced. The seller charges a unit price for the employed quantity of each input. To select one se...