Posts about:
The United States Federal Government is the largest employer in the world. However, with nearly 3 million employees, they lack the necessary resources and expertise to satisfy their needs across different departments. To accomplish their needs for products, services, knowledge, parts, and the like, they release federal procurements for registered federal contractors to bid on.
In an effort to procure IT products and services in a more efficient manner, the Federal government created Government-Wide Acquisition Contracts (GWAC). GWACs are administered and managed by the General Services Administration (GSA), National Institutes of Health, and NASA, in an effort to reduce friction and delays when federal departments look to acquire technology-related goods and services.
In a market that is more complex and competitive than ever, is your market intelligence ready for the challenge? Move beyond reacting to the market and get the insights you need to put yourself in the right direction. Federal Compass does just that.
Utilizing teaming partners is wildly popular among federal contractors, but are often used reactively, not proactively. Teaming partners are more than just a one-time use that can be circled back to at a later time when it’s convenient. Teaming partners should be viewed as long-term relationships, not speed dating.
Federal market intelligence that is in-depth and robust provides federal contractors with a significant edge over their competitors. Being able to understand and qualify an opportunity before the submission process ever begins helps increase your probability win and reduce costs since you won't be chasing opportunities that you never had a chance at winning. The federal contracting market is going through a maturing process and there is an emphasis on using more robust tools and processes to win more federal dollars.
As we draw closer to a likely impasse, a government shutdown looms as a certainty. While the length of the shutdown is anyone’s guess, the temperature of the situation points to protracted shutdown with the potential of a temporary stopgap that would only delay the shutdown by a few months. The threat of the government shutdown comes on the heels of 2020, where the market experienced an unprecedented disruption due to COVD-19.
Alternative to popular belief, federal contracting opportunities are NOT the most important element when federal contractors measure success. It's a culmination of things- opportunities, market intelligence, pipeline management, company initiatives, competitor analysis. While all carry their own weight, one element that should weigh heavier than others is your pipeline. Your pipeline management process and the quality of what's coming into your pipeline. After all, nobody is under more scrutiny when a pipeline is mismanaged than the business development team.
If you're a federal contractor looking to grow your public sector sales, how do you plan on managing opportunities, pursuing bids, and planning strategically to get ahead of your competition? Predicting federal, state, and local government contracts is beneficial, but ensuring your business development efforts result in contract awards is what matters most.
Take a peek into the pipeline of most contractors, and you’ll find a long list of opportunities initially published on SAM.gov. Ask most contractors where to find opportunities, and with few exceptions, they will directly or indirectly point to SAM.gov. Since the inception of FedBizOpps, more commonly known as FBO, it has represented the primary pipeline source for most contractors. In a market saturated with acronyms, few rose to the prominence of FBO. SAM.gov recently consumed FBO and a favorite acronym was lost to government innovation. Though the sway of the old URL is on full display as many still refer to their source of opportunities as FBO rather than accepting a new acronym.
Whether monitoring SAM.gov directly or using a third-party provider, the level of dependence verges on obsession for many contractors.
