Author: Dona Basu

Special Consideration Small businesses are often outcompeted in many markets by larger organizations with almost unlimited resources. This set aside might increase a small business’s chances of winning a lucrative bid. The following are set as statutory rules to give small businesses a fair chance in the marketplace: 23 percent of prime contracts are reserved… Continue reading Why Minority-Owned Small Businesses Should Look Into Government Contracting

Government Contracts Offer Security  The recent pandemic has just shed light on how things can change in the small business marketplace in the blink of an eye. Businesses doing quite well had to rethink their business models quickly to survive. Becoming a government contractor is one of the best ways to expand your business and… Continue reading Beginning Your Career As A Small Business Government Contractor

Simplified Procedures In 1994, the Federal Acquisition Act FASA simplified the buying procedures of the government. Many of the more harsh restrictions on government purchases were removed for any less than $100,000. Now agencies use much simpler procedures for analyzing and soliciting bids up to $100,000 amount. However, the government must still advertise all purchases… Continue reading Guide To The Perfect Government Contract Proposal

Understanding The Marketplace It might initially feel like working for the government is unpredictable. Contractors can be affected by various factors, such as budget cuts, regulatory pressures, changes in administration, and stringent accounting rules. However, all marketplaces can be volatile and change rapidly according to the whims of consumers. A company needs to ensure that… Continue reading Areas Small Businesses Can Pursue Government Contracts In 2023

What Is A subcontractor? A government subcontractor is defined by Federal Acquisition Regulation (FAR) 3.502-1 as: Any person, other than the prime contractor, who offers to furnish or furnishes any supplies, materials, equipment, or services of any kind under a prime contract or a subcontract entered into in connection with the such prime contract and… Continue reading Why Small Businesses Should Consider Subcontracting In 2023

The Federal Government Offers Great Opportunities For Many Types Of Businesses The government designates a portion of the contracts for women-owned small businesses, small disadvantaged businesses, companies within historically underutilized business zones (HUBZone), and service-disabled, veteran-owned small organizations. This allows for underserved groups to have a real chance to get awarded lucrative government contracts. Department… Continue reading Why The Department of Defense Is Great For Government Contractors In 2023

The Federal Government Offers Great Opportunities For Many Types Of Businesses The government designates a portion of the contracts for women-owned small businesses, small disadvantaged businesses, companies within historically underutilized business zones (HUBZone), and service-disabled, veteran-owned small organizations. This allows underserved groups to have a real chance to get awarded lucrative government contracts. The Federal… Continue reading Agencies That Are Needing Government Contractors In 2023

Consolidated Purchasing Programs Like any other organization, the federal government has common purchasing needs such as petroleum products, carpets, furniture, perishable goods, and standard office supplies.  For this reason, it made sense to centralize purchasing various common products and services. Some new procurement models for acquisition include multi-agency contracts and government-wide acquisition contracts or GWACs.… Continue reading What Is On The Horizon For Small Businesses Government Contractors In 2022

Things To Do Before The Requests For Proposal Or The RFP Is Released It would help if you always asked the following questions to fully understand how you are going to structure your winning proposal: What is the top priority, quality, price, or speed? What problem can you solve for the government using your product… Continue reading How To Be Successful In Getting Government Contracting Jobs For Small Businesses

Understanding The Regulations There are many advantages to being a successful government contractor. However, the government has stricter rules and regulations regarding accounting when compared to private sector clients. It is important to keep up with federal regulatory requirements.  Federal government agencies receive their funding from taxpayer dollars and need to justify spending to prevent… Continue reading Why Small Businesses Need To Care About Compliance As Government Contractors