Summary: Having to sell a federal government contract may be a good way to boost your business. Nonetheless, formulating one is not very easy so it is best to know the ways in which you can get the contractors impressed.
Establishing a business today can be met with a lot of challenges as the competition among marketers is very tight. Fortunately, smaller enterprises can have the opportunity to beat bigger businesses and survive the tight competition by venturing into government procurement and getting their federal government contract shine during bids and negotiations.
Gaining sufficient knowledge about government procurement can definitely boost a particular business. Given that the federal government is the biggest purchaser in the country, having a federal government contract can help in multiplying the returns of investments. The federal government contract is one of the contributors of this success, so it is best to know the proper format and content of the contracts.
Part I. The Schedule
This is the part of the federal government contract where entrepreneurs provide the specifics of their company and product. The slightest discrepancy in this section may result to the rejection or disqualification in the process of negotiation.
A total of eight sections make up this section of the federal government contract. All of these sub-categories are crucial as they give information about business including the business address, the proprietor, the description of the item or service to be sold, and the cost of services.
Entrepreneurs should focus their attention on the provision of the product description. Because the government is very strict when it comes to work and product quality, thus, the product and services should be well presented. Consider this as the “advertisement” part of the contract where the good sides of the product needed to be highlighted and emphasized.
Part II. Contract Clauses
This section of the federal government contract includes clauses that are required by the law. These clauses are usually referenced to the Federal Acquisition Regulation (FAR). Additional provisions and clauses may be added to this section, but these should depend on the policies of the government agency the entrepreneurs are contracting with.
Part III. List of Documents, Exhibits, and Other Attachments
Further explanations and other attachments to the federal government contract are included in this section. Clarifications on certain items may be included, along with more comprehensive data which are not included in the latter sections. The DD Form 1423 or the Contract Data Requirements List should be attached, along with a copy of past products and services supplied to consumers. Basically, this section tells more about the products and services and gives the government contractors a little background of the company’s ventures and experiences.
Part IV. Representations and Instructions
This part contains certifications about any unique identities of the business. As part of the federal government contract, everything unique about the business should be stated within this section to further establish the identity of the contractor. If your business gets raw materials from a different source, you may be required to state that here.
You might also like:
