The federal government will often hand out contracts to other companies to help get work done. If they have a very specialized project or a temporary one, it can make sense to hire it out to someone with the experience rather than have to set up a new division and hire full-time employees to get it done. There are four main types of contracting opportunities that the federal government is able to provide include:

# Micro-purchases: this is where the government will do a contract under $3000. Since they are so small, they will not have a bidding process as competitive as some of the others.

# Sealed bidding: This is going to be a more competitive type of bidding process and will often have some clear and specific requirements from the government for you to get it done. The contracts often range between $3000 to $100,000 and are awarded to the lowest contract that fits the needs of that agency and all of the requirements.

# Contract negotiations: These are going to be for contracts that will cost more than $100,000. It is the most common one if the branch of government needs very technical services or products to get the work done and they know it will cost a lot of money to do the work.

# Consolidated purchasing programs will be for some of those contractors that are awarded to many vendors at the same time and can be used for multiple agencies. This can happen on some larger projects that need several vendors to get all of the work done.

Knowing which of the contracts you are going for can help set you up for more success. You can take a look at how much it will cost you to do the work and then place your bid to get it done. Make sure that you have good accounting practices and follow all of the rules outlined in the job to make it more likely that you can get the position over some of the other contractors who decide to apply for it.

When you are looking into a government contract, you need to make sure that you take the right steps to get it done. There are a lot of different opportunities that come with a government contract and many small companies want to go after one. Our team is here to help. We can be there to help you find some of the right government contracts while answering your questions about how to stay compliant and get the most out of the experience possible. Trust us for all of your government contracting needs.