$3.8 Trillion Dollars in Government Spending - How To Win Contracts

$3.8 Trillion Dollars in Government Spending - How To Win Contracts

The federal government spends $3.8 trillion dollars each year through contracts with business entities. Securing contracts can be both rewarding and requiring of significant attention to detail and investment in time.

If you seek to bid on government contracts for the first time, be sure to take certain actions before attempting to secure contracts.

1. Register your business. You must obtain a Dun and Bradstreet number. This number is used as your contractor identification code. Click here the start: http://fedgov.dnb.com/webform.

2. Then, register Your business on the System for Award Management (SAM) – www.sam.gov – the primary database of vendors doing business with the government.

3. Feel free to follow the tips as outlined in the article that is connected to this link. https://www.americanexpress.com/us/small-business/openforum/articles/7-steps-to-securing-government-contracts/

There are many resources that can assist you and your business in preparing for the process of bidding on government contracts. Use the links found in this Green Business Report to enhance your chances of participating in the lucrative government contracting market.

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