Know the Common Myths in Government Bidding

Every day thousands of businesses take their chances in bidding and hopefully winning a contract from the biggest spender in the whole world: the government. It is important to note however that it is not enough that you know the basics of government bidding to become successful in the industry. Here are the most common myths about the market that you need to look into so as not to be misguided:

• Government contracting is only for big businesses. Companies big and small can vie for the thousands of government bids posted regularly. In fact, thanks to the Small Business Administration, the U.S. government provides full support for small businesses, minorities, and women-owned companies across the nation in taking part in the government contracting business. If you are looking into entering and expanding in the industry, get an account at StateAndFederalBids to get help.
• Government contracts only go to the lowest-priced bids.  While the price or the cost of the bid is weighed in choosing the contract winner, it only accounts for 40% of the criteria. The decision-making process is also largely influenced by other factors including the company’s contract history, the business’s post-sale service, etc.
• Government contracting involves a lot of paperwork. While it may be true
  that the regulations covering the government contracting business require a lot of documents to be submitted, it ensures that a fair process is observed by and for all the companies involved, making it a relatively small price to pay for the all benefits that come with it.
• Government agencies do not pay on time. While payment arrangements were a problem in the past, modern-day processes have now been set to ensure that contractors are promptly paid right after work is successfully completed.

StateAndFederalBids offers the government contracting market the largest database of local, state, and federal government bids, where companies across the country may search and find the right contracting opportunity that ideally suits their profiles and needs.