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Learning More on Government Contracting When small businesses hear about federal government contracting they fear as it is a complex environment to them. If small business do not seek expert assistance in this field, they will placing their financial prosperity at much risk. 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. 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. Two means of procuring products and services with values of over 25,000 dollars per year are used by governments. 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. There are certain IFB standards that should be met by IFB standards. 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. In addition the main people to carry out the project and the qualifications of the company are needed. The government keeps changing the way they process this contracts. President Bill Clinton targeted two major areas which were keeping low deficits and long term investment in economic growth, fighting crime and the children and workers skills. New trends have come up that affects the small business sector over the recent years. 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. 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. The businesses that started out started with small contracts and have won bigger contracts over the years. Government contracting enables business make hefty profit through long term contracts.Why not learn more about Services?