The federal fiscal year begins on October 1st and ends on September 30th. The fourth quarter spans July, August, and September.
During fiscal year 2023, $758.6 billion was awarded to businesses, including federal contracts, with $246.4 billion occurring in the fourth quarter. This represents 32.4% of all spending. Ideally, each quarter should account for 25% of the annual spending. However, the fourth quarter presents the greatest opportunity to government contracts. The question is, are you ready to take advantage of the fourth quarter and secure your share of this spending?
The federal government has many programs to support small businesses in winning government contracts, including government IT contracts, federal and state construction engagements, defense projects, defense contract management, and more. One of the most powerful is the Mentor-Protégé Program (MPP).
Why do we still celebrate Black History Month? What is the intersection of Black History and government contracting? Wait, don’t bypass this article because at first glance you think it doesn’t connect to you. It is worth reading. We all stand on someone’s shoulders in our life’s journey.
As the new year unfolds, it's a perfect time to be intentional and design your business to be more successful in the government contracting marketplace. This article will guide you through the crucial steps of goal setting, planning, and implementing the best strategies to succeed in the B2G market.
Subcontracting is an excellent pathway for businesses to enter the government contracting arena. Did you know that when a large prime contractor wins a contract over $750,000, or $1.5 million in construction, they are required to award 35% of that contract to small businesses? This
When it comes to government contracting, you want to be on top of your game, and that means having a killer capture plan and implementing advanced strategies that are rarely used. In this article, we're going to walk you through the steps for developing a short-term contracting acquisition plan, expanding your business with some hidden methodologies, and then implementing a long-term plan with advanced techniques.
The government market is a vast and complex landscape, offering lucrative opportunities for
businesses of all sizes. However, winning government contracts is not as straightforward as
submitting a proposal and hoping for the best.
There is no one-size-fits-all approach to government contracting. Your strategy will depend on various factors, including your industry, company strength, and past performance. Below are several strategies to consider:
"Follow the money" is a catchphrase popularized by the 1976 docudrama film All the President's Men, which suggests political corruption can be brought to light by examining money transfers between parties. While the term was popularized in the 1970s, the premise behind the statement has been around for over a century. In Latin, the term Cui bono? means "to whom is it a benefit?"
Atlanta, GA., June 1st, 2023, The Canyon Lake Chamber of Commerce (CLCC) and the Government Contractors Association (GCA) have entered into a strategic partnership to benefit current and future members through a Memorandum of Understanding (MOU).
Join the GCA Family
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.
