Articles tagged with : infrastructure

Pitfalls to avoid in a down market

Avoid chasing too many opportunities and rushing headlong into new markets.

With all the talk about budget cuts, we see some companies overreacting and altering their bidding strategies. Budget reduction numbers out of Congress indicate that 2011 spending will decline by $38 billion. According to Ray Bjorklund, senior vice president and chief knowledge officer at FedSources, the challenge is determining how many of those dollars are attached to contracts. “There’s spending, and there’s contract spending,” Bjorklund said. “A significant amount of the $38 billion is in government compensation loan programs, and subsidies and therefore not contractor-addressable.” The net authority that agencies have to spend on compensation and contracts — but not loans, grants or subsidies — in fiscal 2011 is $1.8 trillion, and it is this amount that was hit by the $38 billion in cuts. Although $38 billion is a large amount, it represents only 2 percent of the total spending authority. Meanwhile, reactive, quick-fix strategy changes can often be...

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3 Critical Steps to Surviving Tough Times

People, training, and technology are critical.

There's little doubt that the federal budget will undergo some contractions this year, either because Congress will reduce spending levels outright for some agencies or the inevitable flow of continuing resolutions will postpone approval for new spending levels. As budgets shrink, there will be fewer new contracts in the government contractor market. With fewer deals to compete for, contractors will need to raise their level of competitiveness to win their share. Now is the time to invest in new business acquisition, not scale back. Companies making investments in people, processes and technology will raise their level of competitiveness and, in the face of a tightening market, will win their share of new business. Companies failing to meet these new challenges will become casualties as they watch the market change and competitions become more demanding. Invest in people You can raise the level of competitiveness of your business development (BD), capture...

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Resolve to Improve Your Win Rate

Focus on capture management and associated activities from the decision to pursue through award.

Let it be resolved that this will be the year in which we raise our new business win rate, write better proposals that cost us less to create, and leave the practice of working to exhaustion on late-night proposals as our final fond memory from the year now past. This New Year’s resolution will probably be made by executives at half the companies that work in the highly competitive government technology market. Yet few companies will change how they pursue new business, prepare for proposals, or handle the demanding task of writing proposals when the request for proposals arrives. To help achieve this New Year’s resolution, let’s focus on capture management and what companies should do from the time they decide to pursue a new opportunity until the award is made. Along with examining the capture management process, we will explore each of its activities. Capture management is a defined,...

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