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Showing posts from December, 2020

Contract Bidding and the Process Involved in it

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Contract bidding  is one of the most happening parts of federal projects.  For contractors pursuing public works projects (city, state, and federal), bidding is how they acquire new jobs. A lot goes into creating the project proposal. The estimating, materials, subcontractor pricing, insurance, it all takes time. When their bid is smashed, they lose time and spend fortune plus the revenues are unrealized. The Process Nearly all the public works projects demand bid security along with the proposal.  These are usually issued in the form of a Bid Bond. The contractor uses a Bond Request Form to in order to update the surety about the upcoming event. They state an estimated contract bidding price on the bond request form, which is the focus of the underwriting decision. It is the approximate expected amount in case the contract is awarded. The Issues Remember, bid documents might not approve any new, higher amount, which further result in lost opportunity. For placing a contract bi

How to get Government Contracts

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Have you ever wondered how government contractors successfully close hundred and even million dollars contract?  Have you ever considered the option to venture out in the field of government contracting?  Well, here are some information that can clarify any doubts regarding this interesting, lucrative, challenging and difficult industry. But, it’s not that  easy.  You need to master the  tricks of  how to get government contracts . So, where to start?  Well, you need to do lots and lots and lots of homework before you can even venture in this industry. To be honest,  it is a lot about politics, redtape. A lot about learning what Federal Acquisition Regulation(F.A.R) allows agencies to do or NOT to do. If you've read the IRS regulations, and found it interesting, then F.A.R is the right document for you to READ. However, for the rest of the 99.99% of the USA population; F.A.R can put anyone in a death bed, literally, just like the IRS codes. Moreover, you need to be a part of fe