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An Overview of Government Contracting Due to the fact that government contracting poses a complex environment to small business they fear venturing into this market. 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 U S government does not do business with many of the businesses. About 1 billion worth of new opportunities were available for bidding by private business for government contracting. Food services, janitorial services and the development of complex space flight systems were the services for bidding. Winning tenders and award of many contracts to companies is done on a daily basis . The multi- billion dollar marketplace that is government contracting should be invested in by small businesses. Procuring products and services with values of over 25,000 dollars per year is accomplished through two techniques by the government. The two means are Invitation for bids (IFB’s) and request for proposal (RFP’s). The lowest priced bidder awarded a procurement advertisement consists of the IFB. The IFB has standards that must be met according to performance and delivery of the bid. 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. It keeps changing how the government processes 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. The small business sector has been affected by new trends that have arisen 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. 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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Imaging, data entry technologies, multimedia, ID cards and business process re- engineering are the initiatives to be implemented in the health care reforms. This will enable small businesses have a share in government contracting. The quality of the proposal and the work that the contractor will do are what consisted of the proposal quality. You should get involved in government contracting as soon as now. Businesses that started with small contracts are now getting big contracts. Businesses make hefty profits when the get long term contracts in government contracting. Why not learn more about Services?