Introduction To Government Contracting
Learn How To Bid And Win Lucrative Government Contracts
Authored by Mr. James I. Movich
Prepared for publication by Ms. Alexandra L. Zimmerman The United States government is the world's largest buyer of goods and services anywhere in the world, and the one most accessible to the average small business. In 2010, federal spending included $536.7 billion in contract awards, $557.7 billion in grants, and another $357.5 million in loans and guarantees.
Of this, the largest portion of the dollars went to the Department of Defense (DOD) at $367 billion, followed by the Department of Energy (DOE) at $25.7 billion, and then NASA at $16 billion.The government goes to great lengths to encourage small businesses JUST LIKE YOURS to bid on contracts for some of these needs. In fact, Federal agencies are REQUIRED to establish contracting goals, with at least 23 percent of all government buying targeted to small business firms.
Selling to the Federal Government can provide significant revenues for your business and provide a cyclic income for multiple years, depending on the contract.Copyright secured by Digiprove, certificate P272050... all rights reserved
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