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Overview of the things you have to do to start bidding and winning Government Contracts:

The learning curve for government contracting is pretty steep. Since federal laws heavily bound this industry, you have to become well-versed in the existing policies that govern the contracting industry—from applying to become a contractor to bidding for federal contracts.

But, even though government contracting is challenging, it is not impossible. To give you a head start, here is an overview of the things you have to do to start bidding and winning government contracts:

1. Perform regular background checks on your employees

Federal agencies, especially those involved in securing the country’s defenses at all fronts, are very particular to the government contractors they hire. Since every project is under public scrutiny, the government ensures that the companies and organizations they work with abide by the law and possess no criminal records.

To boost your company’s federal contract winning rate, ensure that your firm is properly registered, has complete documentation, and has no past or pending criminal records.

2. Study the Federal Acquisition Regulation or FAR

The Federal Acquisition Regulation is the principal set of rules and policies governing every federal agencies’ procurement transaction.

The taxpayers’ money funds the budget used by the government for its federal contracts. And that is why federal agencies and government contractors should strictly adhere to the rules and policies indicated in FAR. Take your time to read it thoroughly because this will also serve as your guide in handling federal government contracts.

3. Know your NAICS Codes

When contracting officers scout for potential government contractors, your NAICS Code helps them identify which industry your company belongs to.

To obtain your NAICS Code, you have to visit their website and select which among the listed codes best identifies your business. If your company offers a varied selection of products and services, you can have more than one NAICS code.

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