If you are bidding on a government or commercial project, there's a good chance you'll be asked to provide a performance bond. This is essentially an insurance policy that guarantees that the contractor will complete the project at the agreed cost, and before the agreed deadline. If they don't, the bonding company will pay for any damages. If you don't know what a … [Read more...] about What are Performance Bonds? Here’s All You Need to Know
Government Contracting
How to Do Business with the U.S. Federal Government: A Step-by-Step Approach
Doing business with federal government agencies can be very lucrative for the people who learn how to maneuver through the maze of registrations, certifications and regulations. But if you are ready to start, these are the first steps you need to take to open the door to federal business opportunities. RELATED: Selling to the Government through Online Procurement … [Read more...] about How to Do Business with the U.S. Federal Government: A Step-by-Step Approach
Selling to the Government through Online Procurement Marketplaces
Global Insight, a leading economic and financial forecasting company, (formerly DRI-WEFA), states that all levels of government (federal, state, and local) should see steady increases in the purchases of goods and services. Vendors willing to make the commitment to sell to the government can reap the benefits of this projected government spending. By the same token, … [Read more...] about Selling to the Government through Online Procurement Marketplaces
Finding Business Opportunities in Government Auction Sales
Most people are completely unaware of the bargains that can be found in the most unlikely of places: the government! We're used to reading about the Pentagon paying $59.00 for a wrench, about the national debt rising higher and higher, so it's excusable to not think of government and "sales" in the same sentence. Yet nearly every level of government from city and town on up … [Read more...] about Finding Business Opportunities in Government Auction Sales
Doing Business with the Government
The U.S. Government is the biggest consumer in the world, spending an estimated $2.5 trillion in 2006 according to research and data company Global Insight. As such, the government provides huge opportunities for big and small businesses alike. However, the sheer size of the government and its levels – federal, state and local -- highlight the importance of developing a … [Read more...] about Doing Business with the Government