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Accounting The standard is higher for government accounting when compared to private commercial markets. Contractors will face challenges in making sure that the federal government’s stringent accounting standards are met in a precise manner. Remember the government has to prove how efficient they are with money because they are spending taxpayer dollars. This means that… Continue reading Federal Contracting Accounting Tips For Small Businesses

Being a government contractor can be extremely lucrative. However, you should have a strong understanding of government procedures and processes. We will name some things that all contractors should be aware of in order to be successful. Procurement Government procurement has always been a part of advancing many national, economic, and social objectives. Government contractors… Continue reading How To Be Prepared For Government Contracting

Why Work For The Government? There are many compelling reasons to work for the Federal Government.  We will go into in-depth detail about how a small business can benefit greatly from being a government contractor. The United States Government Is A Very Powerful Client With Deep Pockets The Federal government usually spends around 500 billion… Continue reading How Being A Government Contractor Will Help Your Business

Can a Small Business really hope to compete for federal government contracts? The Federal Government is required to reward a certain amount of its contract to small businesses. In fact, last year the Federal government awarded 25% of its contracts to small businesses. In 2018 the U.S. Small Business Administration announced that the Federal government… Continue reading Opportunities In Federal Contracting For Small Businesses

Small Businesses Are Given Special Consideration When It Comes To Government Contracts 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 federal government is required to set aside at… Continue reading Government Contracting Tips For Veterans

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 The Pros And Cons Of Being A Government Contractor

What is a Government Grant? A government grant is a financial award given by the federal, state or local government authority for a beneficial project of some sort. It is effectively a gift: It does not include technical assistance or other financial assistance, such as a loan or loan guarantee, an interest rate subsidy, direct… Continue reading Small Business Guide To Government Grants

Can a Small Business really hope to compete for federal government contracts? The Federal Government is required to reward a certain amount of its contract to small businesses. In fact, last year the Federal government awarded 25% of its contracts to small businesses. In 2018 the U.S. Small Business Administration announced that the Federal government… Continue reading How To Obtain Your First Federal Contract- Part 1

Be Prepared For Dynamic Changes We can all agree that 2020 was a year of unprecedented changes. The good news is that the  United States Government will be marching forward and this means that government contractors will always be in high demand. However, there are going to be certain rules and regulations that are going… Continue reading Government Contracting Strategies For Small Businesses – Part 1

Remember Registration With The SAM Directory Is The Vital First Step SAM stands for System Award Management. To do any business with the federal government, you must register your business in the System for Award Management directory. The government will not hire any type of business (large or small) that has not registered in SAM. … Continue reading How To Master Government Presentations For Small Businesses