Steven Raymond Cuckler
65 E. State Street, Suite 1000, Columbus, OH
Ohio
Lauren Susan Purdy
1980 W Broad St Stop 4110, Columbus, OH
Ohio
James Robert Rishel
300 East Broad Street, Suite 450, Columbus, OH
Ohio
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Overview of Government Contracts
Just like any business, when the government needs certain products or services that wouldn’t be feasible for it to produce on its own, it contracts with outside vendors (private companies) for procurement of those goods and services. The government of the United States is the main buyer of goods and services out of all countries in the world. A large portion of total federal acquisitions is made by the Department of Defense within the federal government. In 2009, Lockheed Martin and Northrop Grumman each got over $50 billion dollars in government contracts. Commercial contracts differ from federal government contracts and their contracting process which are both covered by a lot of statutory law.
Public institutions buy from private businesses through municipal contracts and federal contracts
People in the United States might be amazed by the number of products and services the government contracts for. Most and often all, of the weaponry, equipment and gear used in our armed forces are manufactured through private companies. Many fighter jets and stealth bombers owned by the military were manufactured by Northrup Grumman Corporation. One story where this plays out, in a contemporary Hollywood fashion, is with Iron Man. Tony Stark’s company, Stark Industries, not only made such weapons but was contracted by the government to produce them.
Yearly, significant contracts from the government are given to small or disadvantaged businesses. Businesses can find a lot of help online to get ready for federal contracting. The official USA.gov website from the federal government provides guidance, support and tells you what is needed for your business to participate in government contracting. FedBizOpps.gov is managed by the General Services Administration, an independent government agency and helps small businesses discover federal contract opportunities and bid on them.
As well as contracts concluded at the federal level, each state and local government can contract with private businesses to secure the goods and services they require. An example would be a municipality hiring a construction company to renovate city hall.
The Role of a Government Contracts Attorney
Government contracts are heavily governed, mainly at the federal level. Regulations apply to federal contracts and to the act of awarding them. Many statutes control the government’s contracting process with private companies. As well as being covered by federal law, contracts are regulated by general contract law. So, in the legal world, a whole branch exists just for government contracts law.
Government contracting is often harder and has more regulations than contracts between two private organizations. Government contracts lawyers are there to guide clients through all government contracting matters, starting with preparing proposals for projects. If a contracting party confronts a dispute with the government, government contracts lawyers help the party resolve the claim.
What Benefits Do I Get From Hiring a Government Contracts Attorney?
Also, if your business is bidding on government contracts, it may be best to engage a government contracts lawyer. Getting a government contract from the federal government can be very financially rewarding. It is the goal of the federal government every year to divide contracts so that a portion go to small businesses. Those who decide to engage a government contracts lawyer usually have a higher percentage of success in getting government contracts. The lawyer will help you navigate the necessary regulations and procedures. Is it best to hire a government contracts lawyer depends on your particular business objectives.