Author: Dona Basu

Make Sure You Have The Right Staff It is vitally important that government contractors have skilled accounting staff to ensure that the company complies with all policy regulations. The company must have adequate policies and procedures to prevent mistakes, especially for their timely discovery and correction. This helps cut down on exposure to accounting errors… Continue reading Procurement Advice For Government Contractors

The Key To Winning A Government Contract Is To Pay Attention To Guidelines You must read closely to what the request for proposals or RFPs wants in your bid. Make sure that you are aware of deadlines and who is handling the requests. Usually, small businesses have 6 to 8 weeks to submit a bid… Continue reading How Small Businesses Can Win Government Contracts

What is FAR? The FAR is a standardized set of regulations employed by all federal agencies in making purchases. It provides procedures for how to maneuver in the procurement process. It takes you through the need for the product and service to the award of the contract. Specifications As of 2001, the United States Federal… Continue reading Government Contracting Opportunities For Small Businesses

The Government Would Like to Keep Contract Conflicts Out of Court All contractors have the right to dispute and appeal. However, the government prefers to try to resolve all contractual issues in controversy by mutual agreement at the contracting officer’s level. The government expects you to use reasonable efforts to resolving controversies, before the submission… Continue reading How To Properly Protest A Government Contracting Decision For Small Businesses

Contract Administration Issues Federal contracts are different from the average commercial contracts. They have general contract provisions that are unique to the government. These contract provisions include statutory or regulatory requirements that only apply to the federal government. They include the following: Termination for default  Termination for convenience Contract changes Payments Specifications Inspection  Testing.  These… Continue reading Terminating Government Contracts

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 Government Contracting Challenges For Small Businesses

Special Consideration In many markets, small businesses are often outcompeted by larger organizations that often have access to almost unlimited resources. This set aside actually might increase a small business’s chances of winning a lucrative bid. The following is set as statutory rules to give small businesses a fair chance in the marketplace: 23 percent… Continue reading Small Business Contracting Advice For Minorities

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 such prime contract and includes… Continue reading Benefits Of Being A Government Subcontractor For Small Businesses

Being A Government Contractor Is A Great Way To Make Your Business Stand Out In An Overcrowded Field Business can be very competitive. Working on government projects is a great way to make a mark in an oversaturated market. The government has a great deal of work specifically set aside for small businesses. Also, many… Continue reading The Benefits Of Registering With SAM For Small Business- Part 2

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. However, it… Continue reading The Benefits Of Registering With SAM For Small Business- Part 1