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Understanding Government Contracting Small businesses tend to fear federal government contracting as it poses a complex environment to them. The financial prosperity of the small business will be put at risk if they do not seek expert assistance in this field. The rewards will be worth it in the end. The government does business with very few companies in the U.S. About 1 billion worth of new opportunities were available for bidding by private business for government contracting. Bidding services available were food services, janitorial services and the development of complex space flight systems. Winning tenders and award of many contracts to companies is done on a daily basis . government contracting market as it is a multi- billion dollar marketplace so small businesses should invest here. Procuring products and services with values of over 25,000 dollars per year is accomplished through two techniques by the government. The techniques are Invitation for bids (IFB’s) and request for proposal (RFP’s). A procurement advertisement that will be awarded to the lowest priced bidder is the IFB. The IFB has standards that must be met according to performance and delivery of the bid. The requirement of the IFB are 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. 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 procurement reform is the number one trend to look at. The reform involved streamlining the procurement process to ensure cost efficiency and effectiveness of the governments operations. 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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The initiatives to be implemented in the health care reforms are imaging, data entry technologies, multimedia, ID cards and business process re- engineering. This will enable small businesses have a share in government contracting. The proposal quality involves 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. The businesses that started out started with small contracts and have won bigger contracts over the years. Businesses make hefty profits when the get long term contracts in government contracting. How to Achieve Maximum Success with Services