Because the federal government buys many products and services, it spends over a trillion dollars on contracts every year. Businesses along the broad supply chain benefit significantly from this increased purchasing power. It serves as a critical stimulant for economic growth that has equally benefited all citizens for the past five years. What is a […]
Have you ever wondered what federal management consulting firms do? Federal management consulting is a fast-growing industry in America, and it’s worth looking into if you’re trying to grow your company. Federal services are big businesses, so let’s look at what they are and how they can help your business. What is federal management consulting? […]
The United States government is one of the world’s biggest spenders—and one of the best clients you can have for your business, no matter your industry. Awarding more than $680 billion in government contracts in the fiscal year 2020 alone, entering into a contract with this public institution can unlock lucrative business opportunities that have […]
Many small businesses avoid doing business with the government considering the risk of losing revenue. On the contrary, selling to the government has many advantages. The most prominent is the year-round nature of government purchases of goods and services. How can the government support my business? Small Business Administration (SBA) is a government entity that […]
Joint ventures, set aside contracts, fixed-price contracts, and incentive contracts are some of the government contracts that you can often hear when transacting with the federal government. Indeed, the federal government offers business opportunities in different contract forms. With so many types of government contracts different benefits come from it, but how do they really […]
What are staffing contracts? Staffing contracts are types of contracts used by companies or organizations when they require temporary talents to fill in the roles for the job. The federal government issues staffing contracts to temporary staffing services agencies to fill their ranks in federal agencies. Government contractors also issue contracts to freelancers or staffing […]
No matter the size of your enterprise is, may it be a small business or a large corporation, government contracting is a lucrative business opportunity. With the government’s budget for federal contracts increasing every year, more government contracting opportunities are now up for grabs. However, before you start seeking and bidding for federal contracts, you […]
Several private companies are now setting their sights on selling their goods and services to the federal government. With the opportunity to earn a high margin of profits, becoming a government contractor seems like an attractive option to grow business further, no matter what industry it may belong to. But, with great profit comes greater […]
Every fiscal year the federal government spends billions of dollars to hire general contractors, independent contractors, and even small business owners to provide products or services that will suit their needs. The government procures almost everything from a single piece of paper to military aircraft, technological assistance, and even complex research. For businesses to […]
A DoD Prime Contractor is a company or organization that provides products and services to the United States Department of Defense. The DoD is one of America’s largest federal agencies that offer a diverse pool of opportunities available for prime contractors and subcontractors. They require their contractors for various jobs such as procuring the latest […]
