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Understanding 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. The risks taken will be worth it in the end. The U S government does not do business with many of the businesses. The availability for bidding by private business for government contracting was worth 1 billion of new opportunities. Food services, janitorial services and the development of complex space flight systems were the services for bidding. A couple of companies are winning such tenders and get awarded these contracts on a daily basis. The multi- billion dollar marketplace that is government contracting should be invested in by small businesses. The government utilizes two means of procuring products and services with values of over 25,000 dollars per year. Invitation for bids (IFB’s) and request for proposal (RFP’s) are the techniques A procurement advertisement that will be awarded to the lowest priced bidder is the IFB. According to performance and delivery of the bid IFB has standards that must be met. On the other hand, the RFP will require a full scope of work that is, the how the project will be done, time and by whom. Moreover the main people assigned the project and the qualifications of the company are needed. The government keeps changing the way they process this contracts. The two major areas that were targeted by President Bill Clinton were keeping low deficits and long term investment in economic growth, fighting crime and the children and workers skills. Over the years new trends have come up that affects the small business sector. The first trend is the procurement reform. The reform involved streamlining the procurement process to ensure cost efficiency and effectiveness of the governments operations. The national performance review (NPR), involved outsourcing support services and purchasing IT systems to increase the ability of the federal force to be productive and effective.
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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. You should get involved in government contracting as soon as now. Businesses that started with small contracts are now getting big contracts. Businesses make hefty profits when the get long term contracts in government contracting. 5 Key Takeaways on the Road to Dominating Professionals