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Federal Government Contracting:. The Trials and Tribulations of Pursuing and Getting Awarded Federal Contracts
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What We Will Discuss Today The World of Federal Contracting Noted Challenges Teaming Strategies Lessons Learned Resources Q&A 2
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Session Objectives and Key Takeaways Understand the nature of the federal market Determine how to gain entry into the federal contracting marketplace Learn how the federal marketplace differs from the commercial marketplace Consider what not to do Learn who you can turn to for advice 3
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Audience Check Are you in the federal marketplace currently? Are you considering federal contracting? Why? What issues are you encountering? 4
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Putting the World of Federal Contracting into Perspective U.S. government market represents nearly 50% of GDP and is comprised of nearly 90,000 separate governmental entities. (Courtesy of Onvia Government Contract Tracking Firm) U.S. government market buys every legitimate business product and service imaginable and spends more than $600 billion annually. (Courtesy of Selling to the Government by Mark Amtower) When state, local and education markets are added in, we are approaching $2 trillion in spending. (Courtesy of Selling to the Government by Mark Amtower) 5
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Putting the World of Federal Contracting into Perspective (cont’d) Federal Government Strategic Agency Targeting Marketing and Networking Focused Procurement and Tracking Effective Partnering 6
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The Noted Challenges of Federal Contracting Maneuvering through the contracting maze. Gaining an understanding of this market and how it differs from the outside world. Dealing with rules that differ from agency to agency. Dealing with endless acronyms and people who play by their own rules. Knowing key agency players/businesses with past performances. Forming effective relationships that actually stick. 7
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How to Approach this Market 8
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Lessons Learned Evaluate strategically if this is the right market for you Determine how this market fits with your short and long- term company objectives Know your niche and how it fits with what the government will buy Evaluate socio-economic options that align with your strategy (certifications, etc.) and pursue Seek key primes and team appropriately so it is a win-win 9
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Federal Contracting Teaming Strategies 10
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A Final Reality Check ProsCons Government Contracting can be Lucrative Don’t Expect to Make One Contact and Get a Contract Building Agency Relationships Can Eventually Pay Off Sales Cycle is Long and is not the Same as in the Commercial Market Working with Specific Agencies Within Your Niche is Key Agency Representatives Are Slow to Respond Leverage Support Resources (PTAC, SBA, SBDC, etc.) Everyone Wants You to Get Into Their Database Subcontracting with Primes is a Great Starting Point You May Not See a Contract for Quite Some Time Create Capability Statements that Align with Government requirements and potential opportunities Agencies Want Tailored Marketing Collateral Materials 11
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Words to the Wise Manage your expectations” - Guy Timberlake, ASBC “Be realistic about the time it takes to grow the government contracting side” – Can you wait 12-16 months!? – Courtney Fairchild, Global Services, Inc. “Sweat the small stuff” – RFPs are a dense piece of work – Michael Balsam, Onvia Have a well thought out strategy and well-defined value proposition” – Bob Lohfeld, Lohfeld Consulting 12
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Valuable and Recommended Resources The Small Business Administration Your local PTAC, SBDC and Women’s Business Center The Office of Small and Disadvantaged Business Utilization (OSBDU) Vendor Fairs (for your targeted agencies) Federal News Radio The American Small Business Coalition (ASBC) 13
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Contact Information Elena Yearly EMY Consulting LLC www.emyconsulting.biz E: eyearly@emyconsulting.bizeyearly@emyconsulting.biz P: (703) 943-8129 14
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