Pricing Strategies for the Small Government Contractor Pricing strategies can be a moving target in the ever-changing GovCon industry. Preferences between contract types and RFP requirements can make life complicated. This blog outlines a few strategies you may want to explore for your next RFP response.
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Indirect Cost Pools Blog Indirect rates are a critical item for a government contractor. Keeping those rates low is the only way to bid competitively and be profitable. So what are some of the major factors a government contractor should consider in developing their indirect rate structure?
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With over $500 billion awarded to contractors annually, Federal Government contracting is a lucrative market. However, for those new to the world of government contracting, the process of pursuing contracts may seem daunting. Selling to the government is different than selling to the private sector — there are numerous rules and regulations businesses must comply […]
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Tags: bidding on contracts, compliant accounting, DCAA compliance, EDWOSBs, Federal Government contracting, government contracting, government contracting opportunities, minority owned business, sba, small business, Veteran-owned business, WOSB
Near the end of each year, the IRS notifies employers to remind their employees to submit a new Form W-4 by February 15th, if necessary. An employee must submit a new form if their withholding allowances have or will change for the next year, or if they have claimed exempt for the current year on […]
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Tags: Form W-4, government contracting payroll, payroll, payroll advisor, payroll compliance, year end memo
On September 26th, 2016, analysts at Bloomberg Government identified a list of the top twenty government contracting opportunities for the upcoming year in a webinar. The list features contracts with a total value of $243.2 billion, with five of the programs valued at $10 billion or more. Nine out of the top twenty opportunities will […]
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Tags: federal contracting, government contracting, government contracting opportunities
In 1994, The Federal Acquisition Streamlining Act (FASA) set a goal to award 5 percent of government contracts to Women-Owned Small Businesses (WOSBs). Earlier this year, 22 years after the goal was originally set, the SBA announced that the Federal Government had finally met — and exceeded — that goal. In 2016, the government made […]
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Tags: economically-disadvantaged women-owned small businesses, EDWOSB, government contracting, small business administration, women in government contracting, women-owned small-business, WOSB
Are you considering working with the Federal Government but aren’t quite sure how to get started? There are many benefits to contracting with the world’s largest purchaser of goods and services — out of the hundreds of millions of dollars it spends on government contracts, the Federal Government is required to allocate 23 percent towards […]
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Tags: business development, contracting with the federal government, government contracting, government mentor, GSA, GSA mentor, how to be a government contractor, sba, small business development
Here at Strategic Consulting Solutions, we are committed to educating and advising government contractors on compliant accounting strategies and practices. One of our favorite events of the year is our Annual Government Contracting Seminar, an outstanding educational seminar designed specifically for government contractors. This year, we have teamed up with PDS Consulting Solutions to bring […]
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Tags: Annual Government Contracting Seminar, compliant accounting system, DCAA, DCAA compliance, government contracting, GSA, SBA mentor, SCS Annual Government Contracting Seminar, scs events
The U.S. Department of Labor recently announced that there will be new regulations regarding overtime compensation for salaried workers. Under the previous rules, only salaried employees who earned less than $23,660 annually were entitled to paid overtime. With these new regulations, employees who earn $47,476 or less will be eligible for overtime pay. These new […]
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Tags: department of labor, overtime compensation, overtime laws, overtime rules, salary, united states department of labor
Contracting with the federal government as a small business can be beneficial — in fact, 23 percent of all prime government contract funds are set aside for small businesses. The Small Business Administration (SBA) supports businesses that wish to work with the government, and if your business qualifies, you will have access to helpful resources. […]
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Tags: federal contracting, government contracting, government contracting as a small business, prime contracts, small business, small business qualifications
