Government construction works can be a great opportunity for businesses. There are many government construction projects that are awarded to contractors every year. If you are interested in government work, there are some important things you need to know.
What should I know about this?
The government construction process is different from the private sector. In the government, the awarding process is usually done through a bidding process. This means that businesses need to submit a bid in order to be considered for the project. The bids are then evaluated by the government and the contract is awarded to the company that offers the best value for money.
It is important to note that government contracts are subject to different rules and regulations than private sector contracts. For example, government contracts must comply with Davis-Bacon Act which requires that workers be paid prevailing wages. There are also other compliance issues that businesses need to be aware of before bidding on government projects.
We hope this information has been useful to you.