From RFPs To Proposals Considering Government Contracts

Cost data

The United States has always been a country made for entrepreneurship. People who are hungry to start new businesses come to the U.S. for opportunities — and if they have great ideas that they are willing to fight for, they can be very successful. One of the most coveted possibilities for a business owner, especially for the owners of businesses that are relatively small, is a government contract. A government contract essentially guarantees that a certain amount of product or services will be bought for a certain amount of money, often within a specified time frame. It is more reliable than almost any other kind of business contract, particularly because it is in fact sponsored by the government. As one can imagine, the competition for government contracts is high. While all businesses differ from one another in some ways, many are still quite similar on paper. They may offer the same products or services — but perhaps one business offers better quality, or another might offer better price points. All of this can be difficult to clarify at a moment’s glance. For this reason, federal proposals are written — but this isn’t the same as writing an essay for college. No, a federal proposal must be done in a specific fashion, which is why federal proposal software is the right route for many small business owners. Let’s look into how this works, and how RFP proposal software can help small businesses fighting for contracts.

The State Of Business In The United States

Before going any further, it’s important to know the state of businesses in the U.S. Many assume that the economy is bad, that people are unemployed left and right — when in fact, for many, the opposite is true. Right now, there are about 26.5 million businesses in the U.S. alone, countering the idea that all business today is outsourced to other countries. Yet many of these businesses are what we could call “small businesses”. They aren’t major corporations, and they aren’t always a part of gigantic industries. Yet they are still very successful, and in many cases can still be potential recipients of government contracts. In fact, an estimated 99.7% of businesses have fewer than 500 employees. While fewer than 500 employees doesn’t necessarily meet everyone’s dictionary definition of “small” there are still many businesses that employee hundreds of people but still don’t fall under the umbrella of big businesses. Small businesses can stay small and remain competitive, in part because of the government contracts.

RFP Proposal Software And How It Works

Many are unfamiliar with the idea of government proposals in the first place — they don’t know much about proposal pricing, proposal creation, and all that goes into RFP proposals in the first place. RFP proposal software is there to help solve these issues. Firstly, what is a RFP proposal? RFP stands for request for proposal — it is a document that solicits a proposal. Usually, this is done through a bidding process by an agency or perhaps a company that wants the procurement of an asset, commodity, or service. Essentially, the RFP is requesting a proposal from potential companies — say, small businesses. While often federal contractors are the ones tasked with writing such proposals, they need RFP proposal software to help them write and present it. The better a RFP is, the better will be for a small business. Once the small business has the RFP, they can write a proposal that will hopefully secure a government contract.

The Realities Of Proposals

Proposals aren’t easy, and require persistence and money. Usually, the cost of creating a complex proposal requiring a significant system or product design to be submitted for a program worth tens of millions of dollars or more would cost in the range of 1% to 2% of the contract value. Remember that if this proposal is successful, it could be what takes a company to the next level and cements its future.

The following two tabs change content below.
Sarah Todd

Sarah Todd

Sarah Todd, an investment banker, is a reporter and researcher for one of London’s leading media outlets. Formerly a trader and market maker at FTSE, she turned to media during the global recession. This website features some of her best and favourite articles, from all parts of the business world. Please let her guide you and your enterprise along the path to prosperity.