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Federal & State Government Construction Contracts & Bids
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Published: February 7, 2007
Being granted construction contracts from the government can generate a lot of money for businesses. There is a high demand for work from all branches of the government with almost 3 million public business opportunities available every year from federal, state, and local governments. That is five to eight thousand new opportunities each day.
The work involves all areas of construction, architecture, engineering, and more.
Any business or organization that is interested in working with or selling their products and services to the United States government can apply for government construction contracts. But it is no easy task to apply. It can be challenging, almost overwhelming, to make sense of the many rules and regulations involved in applying. There are services available to help applicants get through the paper work, searching government bids, and with the process of applying. These service companies cost a small fee, but can really help take on some of the work load so applicants can focus on their company.
There are many government bids to choose to apply to that offer contracts for work. The chances of winning a government bid depend on varying factors, specifically, the competitiveness of a bid proposal, fulfillment of all requirements, experience level, and the competition of other bidders.
The process of applying for contracts begins with applying to the General Services Administration (GSA). The GSA is the lead buying agent for the federal government. Through the GSA system, contractors and vendors can submit information on their product and services, including pricing. This is called Standing Solicitations and can lead to the inclusion on the GAS Schedule List. Once the requirements in the solicitation are completed, the proposal is presented to the GSA, which is then looked at by a Contracting Specialist and/or a Contracting Officer. They may require more information and perhaps negotiate pricing. After fulfilling all of the Government's requests and agreeing on the pricing of products/services, the GSA will issue the organization an open-ended, government-wide contracting vehicle.
The United States government spends a lot of money on construction each year. According to the Illinois Contract Report, the state contracts for Illinois 2004 fiscal year added up to $5,288,580,575. The number one contractor was The University of Chicago with a 12.58% share (out of 100%). Second was the Northrop Grumman Systems Corp. in Rolling Meadows with 10.3% share. According to the California Contact Report, the Californian state government contracts for the 2004 fiscal year added up to $40,798,749,772. The number one contractor was The Boeing Company in Long Beach with 8.73% share, with the second being The Regents of The University of California in Oakland with a share of 4.82%.
Both state and federal government contracts offer a great opportunity for a business to benefit from. It is very competitive for businesses to get construction contracts from the government, but the pay out can be substantially profitable. Landing a contract from the government does more than increase revenue; it can improve sales with other companies as well. The best advertisement is by word of mouth and a government contract is something to talk about.
Sources:
"About B2G Market." B2G Market. 2002. Lufex, Inc. 30 Jan. 2007 <http://www.b2gmarket.com/doc/about.cfm>.
"Frequently Asked Questions." BTB Bids. 2005. Busniess Toolbox, LLC. 30 Jan. 2007 <http://www.btbbids.com/base_pages/bid_FAQ.htm& gt;.
"Frequently Asked Questions." Fed Pros. 2006. 30 Jan. 2007 <http://www.fedpros.com/>.
"Contract Report ILLINOIS (FY 2001 - 2004)." B2G Market. Lufex, Inc. 30 Jan. 2007 <http://www.b2gmarket.com/contract/live_report. cfm?fpopregion=USIL>.
Nabers, Mary Scott. "Government Construction Contracts Could Yield Millions for Busninesses." Austin Business Journal. 11 Feb. 2005. 30 Jan. 2007 <http://www.bizjournals.com/austin/stories/2005 /02/14/smallb2.html>.
"Standard Forms and Contracts." Constuction Weblinks. 2007. Thelen Reid Brown Raysman & Steiner LLP. 30 Jan. 2007 <http://www.constructionweblinks.com>.
Related Articles
Any business or organization that is interested in working with or selling their products and services to the United States government can apply for government construction contracts. But it is no easy task to apply. It can be challenging, almost overwhelming, to make sense of the many rules and regulations involved in applying. There are services available to help applicants get through the paper work, searching government bids, and with the process of applying. These service companies cost a small fee, but can really help take on some of the work load so applicants can focus on their company.
There are many government bids to choose to apply to that offer contracts for work. The chances of winning a government bid depend on varying factors, specifically, the competitiveness of a bid proposal, fulfillment of all requirements, experience level, and the competition of other bidders.
The process of applying for contracts begins with applying to the General Services Administration (GSA). The GSA is the lead buying agent for the federal government. Through the GSA system, contractors and vendors can submit information on their product and services, including pricing. This is called Standing Solicitations and can lead to the inclusion on the GAS Schedule List. Once the requirements in the solicitation are completed, the proposal is presented to the GSA, which is then looked at by a Contracting Specialist and/or a Contracting Officer. They may require more information and perhaps negotiate pricing. After fulfilling all of the Government's requests and agreeing on the pricing of products/services, the GSA will issue the organization an open-ended, government-wide contracting vehicle.
The United States government spends a lot of money on construction each year. According to the Illinois Contract Report, the state contracts for Illinois 2004 fiscal year added up to $5,288,580,575. The number one contractor was The University of Chicago with a 12.58% share (out of 100%). Second was the Northrop Grumman Systems Corp. in Rolling Meadows with 10.3% share. According to the California Contact Report, the Californian state government contracts for the 2004 fiscal year added up to $40,798,749,772. The number one contractor was The Boeing Company in Long Beach with 8.73% share, with the second being The Regents of The University of California in Oakland with a share of 4.82%.
Both state and federal government contracts offer a great opportunity for a business to benefit from. It is very competitive for businesses to get construction contracts from the government, but the pay out can be substantially profitable. Landing a contract from the government does more than increase revenue; it can improve sales with other companies as well. The best advertisement is by word of mouth and a government contract is something to talk about.
Sources:
"About B2G Market." B2G Market. 2002. Lufex, Inc. 30 Jan. 2007 <http://www.b2gmarket.com/doc/about.cfm>.
"Frequently Asked Questions." BTB Bids. 2005. Busniess Toolbox, LLC. 30 Jan. 2007 <http://www.btbbids.com/base_pages/bid_FAQ.htm& gt;.
"Frequently Asked Questions." Fed Pros. 2006. 30 Jan. 2007 <http://www.fedpros.com/>.
"Contract Report ILLINOIS (FY 2001 - 2004)." B2G Market. Lufex, Inc. 30 Jan. 2007 <http://www.b2gmarket.com/contract/live_report. cfm?fpopregion=USIL>.
Nabers, Mary Scott. "Government Construction Contracts Could Yield Millions for Busninesses." Austin Business Journal. 11 Feb. 2005. 30 Jan. 2007 <http://www.bizjournals.com/austin/stories/2005 /02/14/smallb2.html>.
"Standard Forms and Contracts." Constuction Weblinks. 2007. Thelen Reid Brown Raysman & Steiner LLP. 30 Jan. 2007 <http://www.constructionweblinks.com>.
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