The process of Government Bids - Research Proposal Example

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The process of Government Bids

Bid Contract (2011) indicates that the U.S. Government is the largest company in the world with some $1 billion in new opportunities that private businesses can bid on each day. According to Bid Contract (2011), approximately 11 million contracts are signed by the federal government each year. However, despite this fact less than five (5) per cent of US businesses provide contractual services and products to U.S. Government via one of its federal agencies. Bid Contract (2011) further states that approximately 95% of these contracts are awarded to small and medium sized businesses. These contracts include: janitorial services, food services, technological systems such as complex space flight systems development. A small business set aside program is also in place to ensure that small businesses awarded a fair proportion of these contracts. Therefore certain government purchases are reserved for small businesses. This relates specifically to contracts with values between $25,000 and $100,000 which are reserved for either small, small disadvantaged, women-owned, and small veteran owned businesses. How the government buys According to Bid Contract (2011), there are two methods that the government uses to purchase products and services that it requires to carry on the business of managing the nation. ...Show more

Summary

Name: Course: Instructor: Date: The Process of Government Bids Introduction This paper looks at the process of government bidding and how to ensure that a firm has a good chance in being awarded a contract. It considers a construction contract in the Veteran Affairs Department and prepares a proposal that may be used along with other information required for submission of a bid for the contract…
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The process of Government Bids essay example
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