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| Government Contracting |
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Bid, Tender |
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Bidders
Conference |
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Competitive
Bidding |
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Closing Date
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Contract
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Contract
Amendment |
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Contractor,
Contractors |
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Contract Value |
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Procurement
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Proposal |
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Invitation for
Bid |
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IFB, IFBs, IFB's |
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Request for
Proposal |
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RFP, RFPs, RFP's |
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Request for
Tender |
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RFT, RFTs, RFT's |
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Request for
Quotation |
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RFQ, RFQs, RFQ's |
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Federal
Contracts, Bids, RFP |
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Local, State
Contracts, Bids, RFP |
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Government Contracting: Opportunities and Facts
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Less than 5% of the businesses in the United States do business with the U.S.
Government.
The U.S. Government is the largest company in the world. Approximately $1
billion in new opportunities in the services sector of Government contracting
were available to bid on by private business each day.
The federal government signs over 11 million contracts a year.
Companies are winning and are awarded new contracts daily. About 95% of federal
contracts are awarded to small- and medium-sized business vendors.
Government procure services range from Food Services and Janitorial projects to
complex space flight systems development.
A Small Business Set-Aside Program (SBSA) was developed to help assure that
small businesses are awarded a fair proportion of government contracts by
reserving certain government purchases exclusively for participation by small
business concerns. Any contract that has an anticipated dollar value between
$2,500 and $100,000 in value is reserved for small, small disadvantaged,
woman-owned, and small veteran-owned businesses.
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