5 Things to Consider Before Priming a Government Contract
For many entrepreneurs in the government contracting space, the “go big or go home” mentality is becoming ever more prominent, a contributing factor perhaps being the increasing number of gurus advocating that every new government contracting entrepreneur must become a prime contractor. While I understand their message; there are some pretty important things to consider before striking out into prime contracting. There is nothing wrong with subcontracting until you are ready to become a prime contractor.
Curtis was named a Game-changer by the White House Policy Advisor for Entrepreneurship and Innovation in 2020. He has secured more than $1B+ in contract ceiling. Curtis will provide practical techniques, tips, and tricks that you aid your entrepreneurial journey on this channel.
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http://www.8figuregovcon.com/
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Chapters:
00:00:00 The Misconception Of Management Approach And The Pba
00:01:04 Unique Channel For Government Contracting Entrepreneurship Success
00:03:34 Unique Perspective: Five Things To Consider When Priming A Government Contract
00:05:05 Top 5 Considerations Before Pursuing A Prime Government Contract
00:07:02 The Problem With Being The Low-Cost Leader And Winning Contracts In Social Media Land
00:11:48 Why Priming And Subbing Strategies Are Crucial For Limited Budgets In Contracting
00:12:51 The Importance Of Solving Problems In Getting Paid In Government Contracts
00:15:20 Addressing Government Statement Of Work Flaws In Proposals
00:18:50 Importance Of Developing A Viable Pricing Strategy For Government Contracts
00:20:33 Understanding Allowable Vs Unallowable Costs In Government Contracting
00:22:34 Importance Of Pricing Strategy Based On Contract Type.
00:26:07 Management Methodology In Project Management Contracts.
00:30:43 Tips On Managing Government Contracts: Key Management Personnel
Key Takeaways:
Curtis discusses five key things to consider when priming contracts. These include having relevant past performance, developing a customized solution, understanding pricing strategy based on contract type, developing a robust management approach, and selecting the right key management personnel (KMP).
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This YouTube channel is a news reporting and educational site covered under Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. No copyright infringement intended.
#governmentcontractor #governmentcontracting #govcon #smallbusiness #federalcontracting #federal #capturemanagement #businessdevelopment #programmanagement #primecontracting
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