Ensuring Workforce Continuity and Success: The Importance of Succession Planning for GovCons Is your GovCon prepared for a disruption within your workforce? Are you taking steps to prepare for the future of your organization? Internal and external factors can have a significant impact on your current and future workforce. Unfortunately, only 1 in 4 companies […]
Are You in Proposal Hell? As government contracting organizations mature, their proposal strategy evolves. Let’s face it, in the beginning, a GovCon is just happy to be invited to the dance, even as a sub. So, we’ll bid on blue birds; we’ll stretch our rates, our margins, our past performance and occasionally our credibility. How […]
Pipeline planning is essential to grow your business. Most small business GovCons focus on revenue attainment without placing substantial (enough) energy on the terms of the contracts underlying said growth. Depending on your GovCon’s, 1, 3 and 5+ year plan, the type of contracts you compete for, win and operate under are as important as the revenue they bring your organization. Strategic contracting is key!
Proposal season is right around the corner, and we all know what that means! It means we all begin the time-critical endeavor of locating, recruiting, and securing the key personnel that are required to win the wide variety of contracts that are up for competition!
There are many factors involved in the enormous task of talent acquisition in proposal season. On top of that, you only have a very short window to make sure your proposal is solid, competitive, and wins out amongst all the contenders within the GovCon sector.
Recent world-wide events have rocked the business world, causing many to adapt and revamp their operations. With remote work and multi-state operations becoming the norm, it’s opened up a whole new can of worms for business owners: taxes.
Most of us routinely agree to terms and conditions in our daily lives without even reading them. We tap “I AGREE” to update our phone’s software, sign up for gym memberships, magazine subscriptions, and lawn care services, often without a second glance at the fine print. More importantly, we sign leases, mortgages, and purchase orders for new cars without reviewing the contract or seeking a consultant. Small business owners have more to worry about. They need to sign non-disclosure agreements, teaming agreements, and purchase/task orders, all invoking varying terms and conditions. And without a government contracts consultant, they could become lost in the weeds.
In the world of government contracting (GovCon), being “bankable” is crucial for success. It refers to the qualities that make a company attractive to lenders, investors, and federal agencies. Bankability ensures access to financing, a competitive edge, and strong relationships with government agencies.
If You’re Not Growing, You’re Dying. “If you aren’t growing, you are dying” is a common refrain for many businesspeople. We all look at growth as an absolute must, and in most cases, it is. But damn is it hard. And messy. You’ve started your company with the best of intentions. You have big dreams, […]
In contract documents, Order of Precedence is a term that establishes a hierarchy among contractual documents. That “pecking order” is defined to resolve conflicts that could occur in the various terms contained in those documents. For example, if your contract terms and conditions offer NET 30 payment terms, but you are issued a purchase order under that contract that has NET 45 payment terms, which document controls the final outcome? It depends on the Order of Precedence in your contract documents.
Yes, the U.S. Equal Employment Opportunity Commission (EEOC) is prioritizing enforcement against algorithmic and other tech-related employment discrimination. “Artificial intelligence and algorithmic decision-making tools have great potential to improve our lives, including in the area of employment,” says EEOC Chair Charlotte A. Burrows in 2021. “At the same time, the EEOC is keenly aware that […]
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