Small Business Opportunities: Government Contracts for Bid 2017
Didn’t you know that government contracts are not just for large corporations? You might be surprised, but small businesses can also engage and win government contracts on a regular basis. Unlike bidding with local government entities, you can be successful with federal government contracts that are often subject to a specific process, with the right preparation. You may want to access small business administration guide to assist you adhere with the policies and procedures you must know when bidding on government contracts. Check out organizations that include your local or regional Chamber of Commerce or nearby university or college offering seminars, tutorials, online classes and other means to guide you through the process.
Set up your business System for Award Management (SAM) profile for your business, that acts as a master list of all kinds of businesses that wish to work for the federal government, and take it like your sales pitch. In your SAM profile, it is important to include your capabilities, skills and special equipment that you can take into account to the job you’re bidding on. Experience is an important factor especially if you are able to relate it to the contract on which you are bidding on. The government considers business stability and wants to know if you have been financially sound over that past years, which is a reflection of where your business is heading to. Be ready with your taxpayer identification number and a DUNS number for your business, that refers to your business physical address, and you can apply online for free number. SAM registration is absolutely free, and your profile is posted within 72 hours after you are finished completing your profile.
You can check for IFB or Invitations For Bid through government agencies which are posted online. Invitations For Bids shows the details of the contract. It is important to evaluate your company to gauge how it can match up with the job offer as shown in the IFB. Be proud and confident that your business can finish the job and strive to do your best before bidding. Remember that if you’re awarded a contract and it fails, it will be most likely your last government contract. Follow the policies and guidelines of writing a bid, and it helps utilizing your local procurement office, small business administration, consulting firms and other helpful resources. It really helps a lot researching past bids which are public record, and make sure that your bid is low yet realistic. The likelihood that you will win a government contract will increase by utilizing helpful data analysis tools and techniques.