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Methuen Massachusetts

August, 29th

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Methuen, MA - "government" search results

About Government

Government contracts are among the most lucrative available for any business. A government contractor is a private company that makes products for or provides services to the government according to the terms dictated in a legally binding agreement. Federal, state, and municipal governments work with a wide variety of businesses to help complete tasks that they cannot finish on their own. For example, the government hires contractors to design and build offices and other structures. Government contracts seem especially attractive during an economic recession because private buyers may not be readily available during these times. Government agencies, representatives, and affiliates also tend to work with the same companies repeatedly, so landing a government contract may be the start of an enduring professional relationship. The most common contracts stem from military and defense related expenditures, although communications take up a large portion of the overall budget as well. Some very well known corporations are government contractors including Lockheed Martin, Boeing, ITT Corp, Hewlett-Packard, Dell Computers, Verizon Communications Inc., IBM, Sprint Nextel, AT and T, Qwest, Motorola, and Perot Systems Inc. Government contractors, or prospective ones, have to register with the Central Contractor Registration (CCR) database. Not all companies are eligible to bid on every available job because a certain percentage of them are reserved for local businesses that are low income, small businesses, minority owned companies, female owned businesses, veteran owned companies, and owned by a disabled person. In fact, roughly 23% of government contracts must go to small businesses.

More on Government Contractors

Considering that government contracts total roughly $240 annually, that is a really large figure. The government encourages mentoring partnerships between large companies and smaller ones. Lots of companies obtain government contracts, then subcontract the work involved to another company as a way to engage in a mentorship program. Microsoft assists small businesses in obtaining government contracts, for a fee. It is important to keep in mind that the government is required by law to accept proposals made by the lowest bidder in certain jurisdictions. The company is not legally required to honor the initial bid unless it is included in the language of a agreement. Local government officials seem quite tolerant of increased expenditures that dramatically alter the price of an original bid. If you are interested in getting a government contract, there is a wealth of information to help you with this complicated process. Contacting several of your local government agencies is a good place to start as is reading on-line articles that pertain to this subject.

Looking for more results? Government Business Results.