An Overview of Government Contracting When small businesses hear about federal government contracting they fear as it is a complex environment to them. High risks will be placed on the financial prosperity of small businesses if they do not seek expert assistance in this field. In the end the risk will be worth the rewards. Very few companies in the U.S do business with the government. The availability for bidding by private business for government contracting was worth 1 billion of new opportunities. The services for bidding include the food services, janitorial services and the development of complex space flight systems. A couple of companies are winning such tenders and get awarded these contracts on a daily basis. Small business should therefore venture in the government contracting market as it is a multi- billion dollar marketplace. Procuring products and services with values of over 25,000 dollars per year is accomplished through two techniques by the government. Invitation for bids (IFB’s) and request for proposal (RFP’s) are the techniques The lowest priced bidder awarded a procurement advertisement consists of the IFB. The IFB has standards that must be met according to performance and delivery of the bid. A full scope of work that is, the how the project will be done, time and by whom is the requirement of the IFB. In addition the main people to carry out the project and the qualifications of the company are needed. It keeps changing how the government processes contracts. Keeping low deficits and long term investment in economic growth, fighting crime and the children and workers skills are the two principles targeted by President Bill Clinton. Over the years new trends have come up that affects the small business sector. The first trend is the procurement reform. To ensure cost efficiency and effectiveness of the governments operations, the reform entailed streamlining of the procurement process. To increase the ability of the federal force to be productive and effective, the national performance review (NPR) outsourced support services and purchased IT systems.
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Health care reforms such as imaging, data entry technologies, multimedia, ID cards and business process re- engineering are the initiatives to be implemented. In government contracting, small business will now be able to have a share in the contracts. What the proposal quality entailed is the quality of the proposal and the work that the contractor will do. Do not hesitate in joining government contracting as the best time is now. Businesses that started with small contracts are now getting big contracts. Long term contracts that are awarded to businesses through government contracting enables them make big profit margins during the operations.How I Achieved Maximum Success with Services