Author: Dona Basu

Responsibilities of Contractors When you are awarded a government contract, it is vitally important that you read it carefully before signing the document. This might be intimidating since many contracts are very long. However, there are often standard terms that are commonly reused, depending on the complexity of the purchase. Understanding these terms will help… Continue reading How Small Businesses Can Properly Terminate Government Contracts

Decision To Protest If you do decide to protest, it is in your best interest to call counsel as soon as possible. Contract law can be very complicated and it would be a very good idea to consult with your legal counsel.  If you do decide to protest, you have avenues that can guide you… Continue reading Guide To Protesting Government Contracting Decisions For Small Businesses

The United States Federal Government The United States government buys many of the products and services it needs from suppliers who meet certain qualifications. It applies standardized procedures by which to acquire goods and services. That is, the government does not purchase items or services in the same way in which private companies might secure… Continue reading Amazing Possibilities For Small Businesses In Government Contracting

What Is Government Contracting? Government contracting is when specific government agencies contract with private companies for specific goods or services. The agencies usually put out a contract or often a request for proposal (RFP) and various companies can place bids for the project. Once an agency selects a particular business, a contract is signed, and… Continue reading Common Issues With Government Contracting For Small Businesses

The United States Government Is A Very Powerful Client With Deep Pockets The Federal government usually spends around 500 billion dollars a year on goods and services. This makes the U.S. government an extremely attractive client. There are few other organizations with this type of spending power and clout. The government also tends to buy… Continue reading Guide To Government Contracting Procurement For Small Businesses

Minority-Owned Business Status Five percent of the Federal government contracts are supposed to be awarded to members of an economically or socially disadvantaged group. This allows minority groups to remain competitive in the government market. Under the Small Business Act, certain individuals are presumed socially disadvantaged:  African-Americans Hispanic Americans, Asian Pacific Americans Native Americans (American… Continue reading Guide To Small Business Government Contracting Programs For Minorities

So, How Does A Small Business Successfully Start Relationships With Key Government Contractors? The first step is to become familiar with the government marketplace. Do your research and become familiar with the terms that are commonly used in that industry. Then study the different regulations and become certified with the government, if necessary. You could… Continue reading Introduction To Government Contracting For Small Businesses

Just like every other industry, the pandemic has had a profound effect on the government contracting industry. However, government contracting still can promise a profitable future for small businesses. The Consolidated Appropriations Act, 2018 has provided a large amount of funding for many government programs, including the military. This allowed for $500 billion dollars to… Continue reading Analyzing The Future Of Government Contracting

What Is Government Contracting? Government contracting is when specific government agencies contract with private companies for specific goods or services. The agencies usually put out a contract or often a request for proposal (RFP) and various companies can place bids for the project. Once an agency selects a particular business, a contract is signed, and… Continue reading Finding Assistance As A Government Contractor

The United States Government Is A Very Powerful Client With Deep Pockets The Federal government usually spends around 500 billion dollars a year on goods and services. This makes the U.S. government an extremely attractive client. There are few other organizations with this type of spending power and clout. The government also tends to buy… Continue reading Important Terms To Know For Government Contracting