State and local government bids and RFPs are notoriously difficult to locate. Unlike the federal government, which conducts most purchasing through GSA schedules or FedBizOpps.gov, state and local bids are located in a great number of sources throughout the internet — on government webpages, public works pages, 3rd party contracted websites, and newspaper classifieds.
To locate these bids, you may want to keep an eye on newspaper classifieds or the websites of specific government entities near you. If your business operates only in North Dakota, this is easy and takes less than an hour a day. However, if your business operates in a larger state, across multiple states, or if you don’t have an hour per day to spend, a service like BidPrime.com is a cost and time-effective solution to reduce the burden of locating these valuable and often overlooked opportunities.
So I’ve identified a qualified lead, but what now? … Read More
Ours is an era in which legal forms proliferate and many entrepreneurs are tempted to use them without much thought given to customizing them for the specifics of their deal.
This is a mistake.
The unthinking use of legal templates assumes that the law is a mechanical process, as capable of simplification as is the process of selling widgets. The thinking goes something like this: You find a widget on the web. You buy it for a cheap price. You use it. Hence, no need for those middlemen lawyers who charge a lot for pulling the identical widget out of their drawer and handing it to you with their bill.
There are some partial truths here. Some contract situations are utterly routine. And lawyers sometimes have abused entrepreneurs by keeping them in the dark while running up billings in simple situations. It does not follow, however, that contracts are merely … Read More
If you are planning to have the U.S. Government as a client, you will need to have your accounting systems set up so you can handle their accounting requirements. Regardless of whether you are engaging in a plain vanilla contract or an SBIR grant, you will be required to negotiate fringe benefit rates, overhead rates, and general and administrative rates.
Fringe benefits rates include
- Compensated Absences, such as Vacation, Holidays, and Sick Leave;
- Medical Programs, such as Health and Dental Insurance;
- Retirement, such as the Defined Contribution Portion of your Retirement Plan and Plan Service Fees;
- Long-term Disability Coverage;
- Worker’s Compensation Coverage; and
- Employee Wellness, such as Fitness Club Membership and Other Wellness Programs
Overhead covers direct and indirect support of the employees whose time is being billed to the Government. This includes items like
- Rent (only for the space that those employees use);
- Depreciation of their furniture and equipment;
Which FAR obligations are put forward by government agencies in the contract?
In their contract Government can impose varied obligations as per established by FAR. Thus these agencies can be either demanding contract bids or can even insist upon the firm’s overhead rate in accordance with FAR. In addition, it can be the company’s schedule for audited overhead or parallel footnotes; which they will look out for.
What are the pre-requirements for FAR Overhead Rate Calculation?
While numerous firms find government contracts desirable; what they oversee is the information they are obligated to produce during FAR audits. They even miss out on having a proper report of the contract and the cost that is involved. It is thus essential for a firm to own a submissive system to manage the accounting per se. It can be time-consuming and quite a struggle in the beginning but proves beneficial for … Read More
What is FPDS?
The Federal Procurement Data System – Next Generation or FPDS is a government website that gives unprecedented real-time access to government spending patterns. The system is free to access and only requires you to create an account. The beauty of a system like this is that it allows contractors to look at past contract actions to determine the propensity and viability of doing business with the government. A quick search can tell you if the government is spending money on what you sell, how much they are spending on it, who the top agencies are that are buying what you sell, and who your competition and best teaming partners are.
What gets reported to FPDS?
Government contracts, BPA’s, IDIQ’s, etc. that have an estimated value of $3,000 or more as well as every modification to the contract. Keep this in mind when you are searching the system … Read More
Promoting your automotive to the government is becoming more widespread in a public public sale setting. They want a smaller federal government, with lower taxes and decrease spending, that will concentrate on just a few projects at the national level, and few of which would include social applications. A republican government is run by representatives chosen by the folks, slightly than by the folks themselves.
The effect of this extreme partisanship is that, whereas Democrats and Republicans slug it out, the silent majority of Individuals, reminiscent of Independents, and those drawn to 3rd social gathering candidates, are more and more disenchanted by a political system they see as corrupt and inefficient.
Take for instance that a government doesn’t know how to make good plans on strong anti-corruption group that can help in solving corruption problem in the country, he will continue in selling the follow of corruption in the country … Read More