Federal contract spending likely will surge in 2024. That means federal contractors should be asking themselves how ready they are to pounce on new opportunities — how well they can forecast rates, costs and pipelines.
In the world of government contracting, “customer” is a somewhat complicated term that applies to various parties involved in the process. A GovLoop featured contributor breaks it all down.
Most government contracts need to be modified at least once during their performance timeframes. That involves teamwork, with different functional jobs responsible for different tasks.
Federal regulations prefer that agencies use firm-fixed-price (FFP) contracts, which place all performance costs and risks on the contractor. That may sound like a good thing but, in practice, the FFP approach can be a problem.
Agencies need to consider more than just the lowest price when bidding for goods and services. In the end, what bidder will provide the best value?