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Understanding the FAR: A Beginner’s Guide to Government Contracting (Part 7)
This series explores the Federal Acquisition Regulation (FAR), focusing on Part 7: Acquisition Planning. It details policies, procedures, and best practices for planning government procurements effectively and legally. Key aspects include acquisition plans, economic purchase quantities, cost comparisons, lease vs. purchase decisions, and differentiating governmental functions. Effective strategies are also outlined.
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Selecting the Right Contract Opportunities to Bid On: Process of Elimination
In Government Contracting, success hinges on selectively pursuing bids with high potential. An effective elimination process involves assessing due dates, response complexity, qualification criteria, competition type, and evaluation criteria. Top contractors use this strategy to avoid wasting resources on low-probability bids, thus maintaining focus and increasing their win rates while minimizing burnout.
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Understanding the FAR: A Beginner’s Guide to Government Contracting (Part 6)
The post reviews the Federal Acquisition Regulation (FAR) Part 6 on Competition Requirements. It explains policies and procedures for full and open competition in government contracts, including exceptions and justifications. Key principles include promoting fair competition, understanding exceptions, and supporting competition advocates. It also provides best practices and hypothetical scenarios to ensure compliance.
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An Update on Government Contracting Trends in 2024
As we approach the final quarter of 2024, the government contracting landscape is more dynamic than ever. Federal agencies are gearing up for the end-of-year spending spree, which is expected to be particularly vigorous this year. This period…
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Capitalizing on September Spending: Micro-Purchases as a Gateway for Small Businesses
September is crucial for federal spending due to "use-it-or-lose-it" budget policies. Small businesses can capitalize on the rush through micro-purchases, which are small, direct transactions under the $10,000 threshold, requiring less competition and quicker procurement. To succeed, businesses should ensure proper registration, target specific agencies, build relationships, and offer competitive pricing.
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What Makes an Engaging, Winning Capability Statement?
A capability statement is crucial for government contractors as it highlights core competencies, past performance, and differentiators to government agencies. Essential elements include a company overview, core competencies, differentiators, past performance, corporate data, and contact information. Incorporating a Company Snapshot Video can enhance its impact. FedBiz Access offers expertise in creating effective, visually appealing capability statements.
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Helping Government Contractors Win More Awards: The Perfect Blend of Strategy, Research, and Marketing
Government contracting is competitive, and businesses of all sizes are constantly searching for the best ways to get in front of decision-makers, make their mark, and ultimately, secure more government awards. The reality is that winning government…
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How to Win Government Contracts Before They’re Posted in SAM
Government contracting can often feel like a race, with countless businesses scrambling to respond to Requests for Information (RFIs), Requests for Quotes (RFQs), and Requests for Proposals (RFPs). However, successful government contractors…
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3 Steps for Growth and Dominance in the Government Contracting Sector
Government contracting can be a lucrative avenue for businesses looking to expand their horizons and achieve sustained growth. However, navigating this complex marketplace requires strategic planning, proactive engagement, and a thorough understanding…
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10 Common Mistakes Small Businesses Make in Government Contracting (and How to Avoid Them)
Government contracting presents an incredible opportunity for small businesses to expand their reach, secure steady revenue, and establish long-term growth. With billions of dollars in federal contracts awarded each year, it's no wonder many…