A competitive market is necessary for a healthy economy, but a practice called “bid-rigging” can undermine the free market. Companies in certain industries, including government suppliers and construction, generally vie for contracts, by submitting bids on each job....
Applying for a government contract requires such high levels of preparation, that most companies just won’t bother. Hence, especially if you work in a niche field, you may find yourself with only a few competitors and you might know them well. You know that setting a...
Winning a government contract can help lift your company way above its current position. Not only can it boost your profits, but it can boost your standing, ensuring that potential customers choose you over the competition. The bidding process is complex, and many...
When a government agency awards a contract for the procurement of goods or services, it has to follow procurement rules and regulations. If it does not, one of the interested parties to the contract can challenge the bidding process - from the terms of solicitation to...
Government contracts can be a great way for businesses to make money. Unlike individuals hiring your company, the government will not fail to follow through on payment. One successful contract can also potentially open the door to a continued stream of government...