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About Rich Mihalic
Expertise
Can answer private industry questions concerning how to do business with local, state and federal government buying activities. How to register with the CCR and provide various Internet sites for companies to browse to seek bid opportunities. Can also provide companies with how to obtain federal and military specs & drawings. In addition, federal credit card purchasing and Electronic Fund Transfer. Can assist minority and woman-owned businesses with how to become certified wioth the state of PA.

Experience

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Currently serve nearly 500 companoies in the eight counties of NW PA

 
   

You are here:  Experts > Industry > Federal Contracting > Federal Government Contract/Grants/Purchasing > establishing a bid figure

Topic: Federal Government Contract/Grants/Purchasing



Expert: Rich Mihalic
Date: 2/13/2008
Subject: establishing a bid figure

Question
What inputs do I have to consider when putting together a bid for a government contract.  I want to have a competitive bid, and want to make sure it covers expenses that I might not have considered.
thanks
jg

Answer
Hi, JG:  Thanks for the question.  If you have an RFQ or RFP from a government agency to bid on, you should be able to request the "past pricing history" based upon the item national stock number (NSN).
You can contact the nearest Procurement Technical Assistance Center (PTAC) to you by going to: www.aptac-us.org and clicking on the state where you live on the map that comes up at the bottom of the page.  These folks should be able to provide you with that information and any specifications if you need them.  To calculate your price, add up the cost of the raw material, labor, quality inspection, any testing required, packaging and labeling, transportation costs plus your profit margin.  This should the price you submit for the item.  Now, look at the past pricing history.  If you are way low, you probably missed something and if you are way high, you probably will not win the contract anyway.  DO NOT simply look at the past pricing history and bid below that price.  You have no idea why someone else bid what they did previously for the item.
Hope tht helps.  Good Luck!

RM

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