Running Your Business
BizFilings provides useful information to help you manage and grow your business.
When filing a bankruptcy action in certain states, you have the option to choose either the allowable federal asset exemptions or the applicable state's exemptions. Arkansas, Connecticut, District of Columbia, Hawaii, Massachusetts, Michigan, Minnesota, New Jersey, New Mexico, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Washington and Wisconsin all allow this flexibility. In all other states, you must choose the applicable state exemptions.
Correctly pricing the goods or services you offer to the government means striking a balance between being competitive while generating a profit.
Government contracting requirements are based on commercial specifications and standards. Getting the appropriate type of spec for the contract under consideration is a prerequisite for setting an appropriate price for your offer.
You need to understand what's in the bid package because it is more than a solicitation for a bid; if and when the government signs it, it is also your binding contract. The bid package you receive will most likely come in one of three forms: IFB, RFP, and RFQ. There are a number of standardized forms involved -- be sure that you carefully review the specific form used for your contract.
Once you have found a government contract that you might want to bid on, you should get the bid package and then ascertain the type of contract and bidding process involved. There are different types of contract arrangements in use, so be sure you understand exactly what you have to do to fulfill your obligations if you are awarded the contract. This can be difficult, because different buying offices using different terminology.
There are numerous way to find information that can lead to a bidding opportunity. Among them are monitor FedBizOpps, get included on solicitation mailing lists, search SUB-Net, use electronic bulletin boards, check agency bid boards, submit an unsolicited proposal, get registered on qualification lists, and sign up with SBAExchange.
The term "alphabet soup" comes to mind when dealing with the government's contracting process. Knowing how to interpret all of the acronyms is essential, even if it at first seems to be a tedious undertaking.
In order to be eligible for government contracts, your business should register with ORCA--the Online Representations and Certifications Application--a web-based system within the federal government. Be prepared to provide highly detailed information about your business.
Register your company with various agencies and programs within the federal government. There are a number of types of registration, including Central Contractor registration and Online Representations and Certifications Application. Be prepared to provide highly detailed information about your business and its finances, and to use a government classification system to establish the type of business you will be conducting with the government.
The General Services Administration buys commercial-type and general-purpose items and services for all government agencies. It uses a variety of contract methods, including Multiple Award Schedules and GSA Contract Schedules.
There are several ways to locate government agencies whose needs match what you can provide.