How I lost $100k in profit on a government contract

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The Costly Mistakes in Government Contracting
One of the biggest errors made in government contracting is not adhering to submission guidelines. In this case, a $200 million contract was lost because a company didn’t submit past documents with a resubmission and missed a critical teaming arrangement deadline. These seemingly minor mistakes had costly consequences.

How to Avoid Common Pitfalls
To avoid similar issues, ensure all documents are thoroughly reviewed and submitted on time. Trust but verify your partners' work, and always follow up on submissions with the necessary confirmations and tracking numbers.

Winning Government Contracts the Smart Way
Success in government contracting requires strategy, teamwork, and attention to detail. Leverage strategic partnerships with established contractors, follow proper submission procedures, and be proactive throughout the process. By adhering to these practices, you'll position your business for winning government contracts and securing long-term opportunities.

⏰TimeStamps:
00:00 - Introduction: $200M GovCon Mistake
01:04 - Background Story: Struggles Breaking into Military Contracts
02:29 - Small Wins and Expanding into Bigger Contracts
05:01 - Teaming Strategy with a Prime Contractor
07:50 - The Critical Submission Error: Missed Documents
09:55 - Second Chance, Another Miss: Late Submissions
11:55 - Lessons Learned: How to Avoid Losing Major Contracts
13:22 - What to Do Differently: Trust But Verify

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  1. Eric Coffie
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Комментарии
Автор

I just responded to EN2 on a contract I'm working and l feel you. I'm the prime on this one and it's a heavy lift, but it's so important to read, reread, and read again. I'm finally at the point where l can submit a day early, but it took work to get the systems in place.

raffagibbard
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Thanks for sharing such valuable information! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?

CharitaMutchler
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Thanks Eric. I have loss money too trying to do government contracting

eallen