Government Public Procurement, B2G: An Opportunity To Bid
When one government agency buys supplies, goods, and services, it is called Government Procurement. Bid proposals are announced to private business sectors for them to provide the service or supplies needed by the government. If interested, the private business sector then responds by complying the documents needed and present their bid. It will then be evaluated by the government agency and the lowest bidder will usually get the contract. This is the formal guideline that is followed according to law.
Purchasing in the government is always on a lump sum, therefore it involves a large amount of money. With large money comes large profit hence these private business sectors are into this. There is anyhow a wide range of services and supplies that the government may need. This is where bidding acts as a filtering area for the government to know who provides the best service at less the cost. Indeed, being able to get a contract from the government is sure money. And if you are a small business or new in the market, you will be intimidated by those that are already ahead. So what can a small time business do to keep up with the minority owned small business competition? Check some of these helpful points and make them a guide with rfq process.
Orient yourself with the laws of engagement within the government and learn as much as you can.
Know the details of what the government is trying to purchase or what are the kind of supplies they need.
Have a keen ear and eye for offered opportunities. Government agencies offer many programs that help small business firms get into the limelight.
Explore on government events and see what are the opportunities can be useful for the company.
Don't be left behind and get intimidated, gear up to earning good scores for record services.
Have a list of agencies in the government that can use the services you offer, start establishing connections and to work your way in securing a contract.
Enhance the company's capability and refutation by engaging in beneficial training because there is no limit or restrictions to learning.
Securing a government mentor will be a very big advantage. Don't rush things over, as patience works.
Once a contract from the government is achieved to provide a form of service or goods, set an impression. Build rapport and be consistent in meeting deadlines. As this will be part of the deciding factor and a plus points nonetheless should you get next round of contract.Related information can be accessed at https://www.youtube.com/watch?v=GX3WurlW0RQ .