Making and enacting strategies is an art and skill. Strategy is also a major component on getting the most from a business and positioning the business to entities outside it. Business owners should be skilled in planning and doing strategies to make sure that every move they […]
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In procurement, the very first goal to achieve is to land a procurement contract. There are many steps and strategies to achieve this goal. Ultimately, the beginning of the actual procurement process is when two sides (the buyer and the seller) sit down, talk and agree to […]
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Risk, in business, is a constant but a mainstay occurrence. From the start, risk is something that entrepreneurs must face. Setting up a business is already a big risk and the start of others. There are also risks involved in maintaining the business afloat. In procurement, risks […]
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There is a saying that it always pays to be safe. When it comes to procurement, it can certainly apply. Many small businesses, upon the receipt of the contract, would probably be too excited to worry if their financial issues are alright. If a small business is […]
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Competing for contracts or projects can be challenging and tiring even for experienced small businesses. Often, many organizations that award contracts (private or public) will ask for an RFP, short for Request for Proposal. A request for proposal is a document from a purchaser given to the […]
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Subcontracting in procurement means that a contact is split and provided by two different companies or businesses. A large procurement contract can be delivered by two different companies with proper coordination. Subcontracting is often done by small business companies while the larger part of the contract is […]
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According to United States federal law, 23% of all federal contracting budget should go to small businesses to allow for healthy competition within the contracting arena. The U.S. government is the world’s largest buyer of goods and services, which means that working with them can be a […]
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Reviewing the procurement process is a must for people who wish to partake in government contracting. There are lots of information available in government agencies and internet websites that teaches government contracting for beginners. Once they pass the learning curve it will be easier to win government […]
Read more →The tendering process is something you’re almost always given only a single shot at. If you fail to make a good impression the first time around, you’ll usually have a hard time getting the government to give you another chance. As such, it is very important to […]
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Regardless of what kind of government office you are dealing with – may it be a local or executive agency – every part of its tendering process will be founded on the following. Accountability – Steps will be taken to ensure that every party can be held […]
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