Knowing the Fundamentals, Winning Government Contracts

Successful Government Contracting Tips

The 4th quarter of the fiscal year is usually hectic since federal agencies rush to spend their appropriated funds with government contracts. Prevailing wage contractors who wish to capture some of these funds should focus on the fundamentals and do well at it.

Listed below are the key components in government contracting that your business should master.

1.    Market research of potential government contracts

You should first search for agencies with needs that can be provided by your company. Learn to thoroughly understand the agency’s buying cycle, the amount of goods or services that they purchase, and the previous suppliers they had transactions with in the past. This will help you prepare for future government contracting opportunities and will be able to propose a competitive bid.

Several online databases such as the Federal Procurement Data System (FPDS) and fedbizopps.gov provide abundant information to help you develop long term and short term strategies.

2.    Marketing of prevailing wage contractors

If you are confident that your products or services will be greatly helpful to a government agency, then you should do all means to let them know about it.

Make sure that every part of your marketing program – including the company website, written capability statement and face-to-face opportunities – will leave a strong impression on your potential clients. This will boost your chances of your bid proposals to be seriously considered for government contracts.

3.    Preparing proposals for government contracting

Government contracting activities during the 4th quarter usually have strict deadlines. Solicitations have a short turn-around and government contracting officers don’t waste any time in reviewing a proposal that is not fully responsive. Make sure that you study very well each line of solicitation so that your proposal is specific and substantial.

4.    Maximizing resources that will help you win government contracts

Procurement Technical Assistance Centers (PTACs) help prevailing wage contractors with the tasks listed above, free of charge. They can help you identify government contracts that are aligned to your business. They make sure that you are fully prepared to face prospective buyers and market your business.

Once you have already been awarded government contracts, PTACs will ensure that you remain compliant to the requirements such as reporting and invoice preparation.

Conquer Government Contracting Success with ARCHER JORDAN

Part of the bid proposals to be submitted in government contracting is the prevailing wage rate to be used in the project. Make sure that the rates you use are compliant with the prevailing wage law of the state where you will do business.

ARCHER JORDAN, as your third party fringe benefits administrator, will take care of your lawful compliance while you grab all opportunities available to you. Contact us today!

5-Easy Steps to Fringe Benefit Compliance

In this FREE guide we’ll show you how to create a fringe benefit plan that secures your business

   
           
   

Categories

ACA
AD & D
Affordable Care Act
AHCA
AK Prevailing Wage
AL Prevailing Wage
AR Prevailing Wage
AZ Prevailing Wage
CA Prevailing Wag
CA Prevailing Wage
CA Prevailing Wage 401k
Call Centers
CO Prevailing Wage
COBRA
Compliance Tips
Critical Illness
CT Prevailing Wage
Davis Bacon Act
DE Prevailing Wage
Department of Labor
Disability Insurance
Education
Employee Benefits
Employee Training
Employer Tips
ERISA
Farm Labor Plan
Fixed Indemnity
FL Prevailing Wage
Fringe Benefits
GA Prevailing Wage
Government Contracting
Government Contractors
Health and Welfare Wrap
Healthcare Benefits
HI Prevailing Wage
Hospitality
Hospitality Benefits
Hourly Seasonal Workers
Hourly Workforce
Human Resources
ID Prevailing Wage
IL Prevailing Wage
IN Prevailing Wage
IO Prevailing Wage
IRS
KS Prevailing Wage
KY Prevailing Wage
LA Prevailing Wage
Limited Medical
MA Prevailing Wage
Major Medical Insurance
McNamara-O’Hara Act
MD Prevailing Wage
ME Prevailing Wage
MEC
MEC and MVP
MEC MVP
MI Prevailing Wage
MN Prevailing Wage
MO Prevailing Wage
MS Prevailing Wage
MT Prevailing Wage
MVP
NC Prevailing Wage
ND Prevailing Wage
NE Prevailing Wage
NH Prevailing Wage
NJ Prevailing Wage
NM Prevailing Wage
NSRMCA Members
NV Prevailing Wage
NY prevailing wage
OH Prevailing Wage
OK Prevailing Wage
OR Prevailing Wage
OSHA
PA Prevailing Wage
Part Time Employees
Podcast Guest Appearances
Prevailing Wage
Prevailing Wage Workers
Restaurant Group Benefits
Retirement Plans
RI Prevailing Wage
SC Prevailing Wage
SCA Audits
SCA Compliance
SD Prevailing Wage
SDVOB
SDVOSB
Seasonal Workers
Service Contract Act
Small Business
Staffing
State Prevailing Wage
SUB Plan
Supplemental Benefits
Supplemental Unemployment
Third Party Administrator
TN Prevailing Wage
Trust Services
TX prevailing wage
Uncategorized
UT Prevailing Wage
VA Prevailing Wage
Violations – SCA
Voluntary Benefits
WA Prevailing Wage
Wellness
WI Prevailing Wage
Workplace Health
Workplace Safety
WV Prevailing Wage
WY Prevailing Wage