Who Came up with This Idea?
September 12, 2011 by Dr. Letitia Wright
Filed under Featured Articles, Front Page, Wright Ideas
Seriously, where did this idea come from? I have this conversation with business owners every single week:
ME: What are you doing to market your business right now?
THEM: I do a lot of social media and I am about to put out a press release and I do a LOT of networking. I am a people person! Read more
Why Go for Government Contracts? Part 3
September 6, 2011 by Dr. Letitia Wright
Filed under Featured Articles, Front Page, Wright Ideas
The government is pushing its relatively new Women Owned Business set aside program, which is designed to increase the number of government contracts women-owned businesses secure. In the past, they’ve fallen short of the 5% goal of the $400+ billion in contracts awarded each year to female-owned companies. Economically disadvantaged women-owned businesses are heavily encouraged to apply.
Where the Government Spends Money
While many forecasts are that the government will be spending less, and with fewer contractors in the near future, one close-to-untapped resource may be the Simplified Acquisition Process. In 2010, the government spent $11 billion through Simplified Acquisitions, $6.2 billion of which went to small businesses. SAPs tend to hire and pay out faster, which is a boon in an industry known for slow decision-making and payouts. It’s worth looking into if you’re already qualified to bid on government contracts.
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Why Go for Government Contracts? Part 1
September 1, 2011 by Dr. Letitia Wright
Filed under Featured Articles, Front Page, Wright Ideas
Why go for government contracts?
Government procurement in the United States is based on many of the same principles as commercial contracting, but is subject to special laws and regulation as described below.
Federal Procurement Reports provide contract data that may be used for geographical, market, and socio-economic analysis, as well as for measuring and assessing the impact of acquisition policy and management improvements.[1] In Fiscal Year 2010, the top five departments by dollars obligated were the Department of Defense ($365.9 bn), Department of Energy ($25.7 bn), Health and Human Services ($19.0 bn), General Services Administration ($17.6 bn), and NASA ($16.0 bn).[2] The Top 100 Contractors Report for Fiscal Year 2009 lists contracts totalling $294.6 billion, the top five comprising aerospace and defense contractors Lockheed Martin ($38.5 bn), Boeing ($22.0 bn), Northrop Grumman ($19.7 bn), General Dynamics ($16.4 bn), and Raytheon ($16.1 bn).[3] In the same period, small business contracts totalled $96.8 billion.[4] Read more
