Setting Up a Bid, BUS 330 assignment help

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checyr1974

Business Finance

Description

Part 1

From the e-Activity, list the steps a business must take into consideration when setting up a bid with the federal government. Determine the steps that an organization can skip and still have a strong bid. Support your answer. 

Week 8 eActivity

Use the Internet to research articles on government contracting for small businesses, focusing on the steps of setting up a bid. Be prepared to discuss.

Part 2

Among the steps described in Part 1 of this discussion, determine at least three where avoiding mistakes is critical. Explain your choices.


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Explanation & Answer

Running Head: SETTING UP A BID WITH THE FEDERAL GOVERNMENT

Setting Up a Bid with the Federal Government
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1

Steps a Business Should Follow When Setting Up a Bid with the Federal Government

i.

Planning and research

A business willing to set up a bid with the government should do extensive research on the needs
of different government agencies, their expenditure as well as their constitution to learn their
operation, the product or services they advertise for bid and their set requirements for a business
that would be willing to set up a bid with them (Perlman, 2006).
ii.

Identify prospective consumers

The public sector is highly competitive and hard to break into. A good strategy is critical in
identifying the target market. A business aimed at bidding with the government should aim its
research at finding a potential fit and ensure it has sufficient and well researched information on
the goals of different government agencies, their missions and their budgets. The business should
focus its research on the current opportunities in different agencies, their expenditure and also
their profiles. Information from government market intelligence firms could also be of much
help. The business must gather their past performance information to convince the government
that they are a trusted supplier in the marketplace.
iii.

Register as a feder...


Anonymous
I was struggling with this subject, and this helped me a ton!

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