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Bidding on Government Contracts What You Need to Know

Cost estimating software

As many a government contractor will tell you, bidding on government contracts is very difficult. To put it mildly, the odds are not good. Studies have shown that any given contractor has about a 12% chance of winning a government contract. Add on the fact that according to Bloomberg, approximately 80% of entrepreneurial businesses fail within a year and a half. And couple that with the fact that there are more than 2,000 government agencies, many of which offer bidding contracts, in the United States, contractors need as much ammo as they can get their hands on to give them an advantage during the bidding process.

It is for these reasons why proposal pricing software is essential to the success of any contracting business. What is proposal pricing software? Proposal pricing software (also known as proposal creation software or proposal management software) is software specially designed to aid contractors in bidding on government contracts as well as private ones. Government agencies issue what is known as “Request For Proposals” (RFP) to prospective contractors to bid on. Given the stiff competition contractors face, they need every advantage they can get to snag that lucrative deal.

Proposal software automatically fulfills many of the requirements for an official response to a RFP. From organizing documents (which can include memos, quotas, company and employee information, inventory, business models, business letters, etc.) to checking for duplicate or inadequate documentation and creating a business presentation, proposal management software truly works wonders for contractors. Bidding on government contracts, it seems, is half the battle!

For whatever needs your response to a RFP requires, proposal management software is there to help. What do you think about proposal software? Do you or anyone you know have any experience with bidding on government contracts? Feel free to leave a comment or question at the bottom for more information.

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