Many of my Monday Morning Contracting Tips focus on “The How” (how to do business with the government) I’d like to adjust this Monday Morning Contracting Tip to share information on some Congressional Update. I think it’s important that we also keep up with what our administration is doing and its rulings as it relates to Government Contracting.
Bid or No-Bid?
This is the question that many small business as well as large and prime contractors should ask themselves prior to bidding. What determines whether you should bid or not bid, how should you assess the possibilities of bidding and what are the factors that you should use to Bid or Not to Bid? It is important to establish a Bid/No-Bid process that aligns with your business model. Below is not an inclusive list but a good list to start with to determine to Bid or Not to Bid, there are many things to consider when deciding to Bid or Not Bid.
Educating Your Contracting Departments on VOB Requirements
Contracting departments of businesses need to be aware of the requirements that VOBs must fulfill, in addition to the numerous benefits that working with VOBs provides. In fact, VOBs and SDVOBs are increasingly being sought after by corporations that are seeking supplier diversity. As a result, there are currently 2.5 million VOBs in the country, and they generate more than $1 trillion in sales per year.