Welcome! We appreciate you taking the time to visit us. If you’ve gotten this far, I guess that you are, at very least, curious about doing business with the Federal government. Here are some general statements that may convince you to keep looking:
- The US Government is the LARGEST buyer of goods and services in the world.
- Regardless of the current state of the economy, the government continues to purchase goods and services. During economic downturns, sometimes they spend more.
- Procurement experts have designed the process to be transparent.
- The government renders payment for goods and services rather quickly. Sometimes it can be as soon as the time it takes to process a credit card transaction. In other cases, they render payment as early as 30 days after invoice submission.
Some experts say that doing business with the government is a process, while others say it depends on relationships. I can attest that it can be all about timing. Through our own experience, we believe all three statements to be factual.
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MYTH: Providing goods and services to the government means you have to wait forever to get paid.
FACT: Many government contracts are subject to the Prompt Payment Act which was enacted to ensure the federal government makes timely payments. Bills are to be paid within 30 days after receipt and acceptance of goods/services or after receipt of an invoice whichever is last. If a timely payment is not made, interest should be automatically paid.