Government Contracts- 5 Benefits of Having One

Currently over 5 million contractors have obtained government contracts ending Fiscal Year 2011. A government contract is not made for every company but if you build a realistic view of managing your contract there may be a great benefit. Here are five benefits of having a government contract:

  • Stability– Maintaining compliance with the terms and conditions of the contract could provide your business stability for up to twenty years.
  • Consistent Work– Focusing on the marketing aspect of your business could provide consistent workable assignments assisting you with business growth.
  • Assured Payment– Although payment may take up to 30 days it is still assured.
  • Business Strategy- Having a government contract helps you to build and modify your business strategy for the federal and commercial sector.
  • Relationship Building- Developing relationships with the right people could assist in building the foundation for your business.

Do you have any other benefits of having a contract? Let’s hear them.

For government contract consult contact Procurement Source Solutions 800-267-7640

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Jack K

Government contracts indicate simply the goods or services that the government needs along with the particular terms of payment.For that reason a contract is totally different from a grant, which is an outright award of money that the government makes to a grantee, with no expectation of a particular product or service in return.

Government Proposals