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 (more…)