A government contract can be a source of revenue for a business. Such contracts often all but guarantee appropriate payment for the business, which isn't necessarily the case when doing business with individual consumers or other organizations. A single successful...
Securing a government contract is often a difficult task. Businesses and contractors have to bid on the project without knowing what others may propose. Complex proposals that include details about the work provided, project timelines and budgets factor into the...
A government contract novation agreement is a legal transfer, by mutual consent, of the contractual rights and obligations of one party to another. Novation typically occurs when a business sells or transfers its ownership and assets to another company – or whenever...
Landing a government contract can be a very lucrative opportunity. Not only does the government buy services and products in large quantities, but the contract may last for more than one calendar year. For some businesses, getting their foot in the door with a...
Are you considering working with government contracts but are concerned that there may not be that many options available or that there will be too much competition? Some business owners also worry that the process will be complicated and it won’t be lucrative enough...
As a general contractor who is currently working with the government, you may be frustrated when there are delays or when the government entity doesn’t seem to keep up its end of the arrangements. Usually, you can bring a claim against the government if it breaches...
Contracts dictate what a business does, and most companies have to execute and enforce many different kinds of contracts. Only some businesses will be subject to government contracts, and these businesses often face unique concerns when compared with those who only...
If your business is trying to get a government contract, you’re in an interesting position. You will likely have to bid for the contract, and you will need to understand how you’re going to be paid and when. The government has its own way of handling contracted work,...
Government contracts may be something your business is interested in pursuing, and there are many factors that make these unique. For instance, you may have more bureaucracy that you have to deal with as you work with the government, and things can take time. The...
If you are looking to secure one of those famously lucrative government construction contracts, you are not alone. Competition for these contracts is high, drawing nationally-known firm and local private companies alike. The federal government accepts bids for these...
