Bidding Advice - Don't know what you don't know?
On the surface, doing business with any level of government may seem like doing business with other large organizations. But governments must always consider public accountability, so there are significant differences in the bid and awards process to ensure public awareness and fairness of the process.
To maximize your success, GovernmentBids.com has compiled a quantity of relevant information and articles, as well as helpful tools to guide you on the road to profitable government business!
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To help simplify the business of government, this glossary of collected terminology will clarify many key terms.
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Popular terms (Glossary)
Contract Award: Occurs when the contracting officer has signed and distributed the contract to, or notified the contractor.
Commerce Business Daily: A Department of Commerce publication used by federal agencies to publish a summary or synopsis of their upcoming procurements to notify interested businesses. Now largely replaced by the Fedbizopps internet site.
RFP - Request for Proposal: A process where an agency or government can seek a specific proposal from vendors. Follows a specifications process and formalized set of standards and procedures. Generally seeks less vendor input than an RFI but more than an RFQ.
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