"Follow the money" is a catchphrase popularized by the 1976 docudrama film All the President's Men, suggesting that political corruption can be exposed by tracing financial transactions. While this term gained prominence in the 1970s, the underlying principle has been around for centuries. The Latin phrase Cui bono?, meaning "to whom is it a benefit?", encapsulates the idea of understanding who gains from financial actions.
On December 27, 2021, President Biden signed the FY22 National Defense Authorization Act (NDAA) into law, authorizing nearly $800 billion in defense spending.
The national defense total in the 2022 omnibus spending bill is $782 billion, reflecting a 3.9 percent increase over the administration’s request for 2022 and a 5.6 percent increase over the 2021 appropriations. This total includes $13.6 billion for emergency military and humanitarian aid for Ukraine as Russia’s conflict with the country continues.
Securing government contracts can be a game-changer for your business, opening doors to substantial federal procurement opportunities. However, tapping into this market requires a strategic approach and a thorough understanding of government acquisition processes. Here's why becoming government contract ready is crucial and how it can benefit your business.
Use our checklist download to quickly assess your business to be contract ready.
The U.S. Department of Justice is targeting federal contractors and grant recipients who fail to adhere to cybersecurity requirements in their agreements and violate their obligation to monitor and report ransomware attacks and other types of cybersecurity breaches.
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Only 22% of federal contracting dollars are awarded to small businesses. Our goal is to be an agent of change by helping businesses owned by women, minorities, and veterans to get their fair share of the opportunities in the government market.
