819 billion has been the magic number since February. That is the amount in dollars of President Obama’s Economic Stimulus plan. Yet, estimates from the month of May speculate that only 6% of that money has been put back into the economy. The issue is that getting money from the government is a very complicated process. That is why people in Washington Government Contract Management Careers are an important asset when working with the United States Government.
At its foundation, government contract management is a commercial business area. These managers work with commercial businesses that currently are contracted for work by the United State Government. Government contract management is a specialized area because requires a deep understanding of governmental rules and regulations. Government contract managers need to constantly be up to date with the most current rules and regulations. When a change occurs in Washington DC, government contract managers need to know if it impacts any of the contracts they are in charge of.
The duties of a Washington DC Government Contract Management Career
The first step in government contract Management is to secure a contract from the government. The United States Government has a posting of all the work they are looking to contract to outside businesses. These jobs get bid on a large number of interested businesses. A key point to remember when dealing with government bidding is that bidders need to bid quickly, and then wait. The window for bidding can be as shorter than a month, so having information together at all times is useful. After the bidding comes the waiting. This is because of how many levels of approval are needed before a bid is accepted.
Once a government contract is obtained, the company contracted to perform the work needs to make sure that all their standards and practices are compliant with the government’s rules and regulations regarding contracted work. The United States Government is very stringent about this area, because they cannot be seen as endorsing poor practices or questionable methods. Those who work in government contract management need to be aware of all the practices of the company to assure they stay in compliance. Additionally, as mentioned before, they need to be current with any changes or modifications which occur in the government’s rules and regulations.
How to get a Washington DC Government Contract Management Bachelors Degree
If you are an organized person looking to be a valuable asset to a company, then working in government contract management could be for you. Contact a Washington Government Contract Management School for information on what courses are available, and when classes start. Before you know it you will have a bachelors degree and you will be starting your new career in government contract management.
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