The goal of this Passport Membership collaboration is to combine and share programs, benefits, and resources to create greater value for all members. It is a joint initiative where membership in one organization is recognized by the joint partner organization.
The Defense Department is taking full advantage of artificial intelligence (AI) to enhance the federal acquisition process. The Chief Digital and AI Office (CDAO) at the DoD has developed a prototype AI tool, called Acqbot, as part of its Tradewind initiative.
The White House plans to significantly increase the share of federal contracts awarded to Small Disadvantaged Businesses (SDBs) by 50% by 2025. This ambitious goal translates to awarding an additional $100 billion to SDBs over the next five years. Currently, the target for SDBs is set at 5% of federal contracting dollars, but recent data shows that federal agencies have been exceeding this goal, awarding an average of 9.8%. The new goal aims to raise this share to nearly 15% by 2025.
Teaming and joint venture agreements are powerful tools often utilized by successful businesses in the government market. Although each agreement may seem straightforward, there are significant differences between them. The SBA has recently implemented new rules applicable to both agreements, so contractors should be aware of these essential differences.
In the realm of government contracting, goal setting is not just a strategic advantage—it's a necessity. Whether you're navigating federal procurement or bidding on local city contracts, establishing clear, achievable goals is crucial for success. This article explores why goal setting is so vital in government contracting and the broader business landscape, covering regulations, reliability, and the potential pitfalls of failing to meet commitments.
Does your client base primarily consist of companies in the private sector? Are you considering expanding your reach into the public sector with a focus on securing government contracts?
Working with the government can be a rewarding opportunity. If you invest the time to learn the "ins & outs" of what it takes to be successful, it will be worth it. Many articles highlight the benefits of bidding on government contracts and may make it look easy. However, only after being fully prepared will the process become less confusing, allowing you to operate with a more straightforward approach.
Many leaders talk about connections and their positive impact on our business, especially if they're the "right" connections. Yes, that's true, but did you know when it comes to developing relationships with government agencies, it's not just about entering information into your database and throwing out a name when you feel it will help your cause?
The Cybersecurity Maturity Model Certification (CMMC) was built to safeguard sensitive unclassified information across the Defense Industrial Base (DIB) by addressing the gaps in prior regulatory requirements.
The new version (CMMC 2.0) focuses on the most advanced cybersecurity standards while minimizing barriers to compliance. Now is the time to start your company’s assessment. As we get closer to implementation it will be more difficult to get the assistance you need.
"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.
A mission-driven approach can set your government contracting business apart, aligning with federal priorities and gaining a competitive edge. To delve deeper into how this philosophy can transform your business, watch our exclusive interview with Keith Scott. He shares insights on building a mission-driven enterprise and leveraging opportunities in government contracts. Don’t miss out on valuable tips and strategies—check out the video now!
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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.
