This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Leverage Group Purchasing and Cooperative Contracts for Cost Efficiency One of the most effective ways to streamline procurement is by using group/cooperative purchasing contracts. Using a cooperative purchasing program ensures compliance with state and federal laws while reducing the risks associated with supplier management.
Government agencies advertise contracting opportunities through various avenues, including socioeconomic set-aside programs, government websites, and industry days. FY 2025 forecasts predict a diverse array of federal contracts totaling over $27.3 These resources will help you discover available contracts relevant to your business.
Instead, departmental staff are expected to successfully manage the process, which is unrealistic. Their CFO is required to ensure value for money and compliance with competitivebid laws. External advisors are in a good position to recommend the type of competitivebidding process which can optimize the competitive tension.
Nevertheless, proficient cost management is of utmost importance. Steps to Secure a Government Contract Obtaining a government contract necessitates a systematic procedure. Set-Aside and Sole-Source Contracts Set-aside contracts limit competition exclusively to small businesses, creating a level playing field.
However, one must grasp certain rules and regulations to venture into federal contracting. For instance, federally recognized Indian tribes engaged with federal contracts are considered separate entities from the tribe and its political activities. Consider each bid as an opportunity to learn and refine your proposal skills.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content