I'm a Retired US Marine Corps Chief Warrant Officer 4 and not easily impressed. THIS IS ONE OF THE BEST VIDEOS THAT I'VE SEEN ON TH-cam! Nuff said. Semper Fi.
This is gold for me. Thank you. I’m a disabled vet as nov2021 and now the owner of Ikanic llc which I just got verified through Sam. This was very much needed. No fluff. Thank you. Subscribed.
I know this is old, but I am trying to learn AS MUCH as possible before I start bidding…. I like how you get down to the “meat and potatoes” of each topic… I’m getting “salad” on other channels😩 thank you.
Happy it helps! Lots of free content here on the channel. Although, I also highly recommend my book because I go into a lot of examples and other things I don’t cover on the channel. It’s at legalmiddleman.com if/when you’re interested
This was a very informative video and it helped me so much with learning the system and how to move forward in beta sam and through the 4 stages of the bid process. thanks
@@GovKidMethod If I have an LLC that's suspended because I didn't know I had to file it with my taxes and if I pay the 275 to make it active again ( Deactivated for about 3-4 years can I use it for this?
Yes you can! The purpose of responding at stage 1 is to help shape the requirement (ie. get it set aside). It’s also for marketing purposes, but doesn’t replace the future bidding.
Hi Gov Kid. So it's my understanding that with current bids, there is no "Submit" button or "Bid" button but rather follow the instructions to submit what the contracting officer is asking for to their email. Such as an RFQ or RFP, etc...
Hey Derek, Love your work, great content and full of value. I did have a quick question, being an Australian could you please confirm that under the FTA this shouldn't be an issue for qualifying for government contracts? I also did a bit more reading and came across the Buy American Act and from what I understand, China as a COO would be a no go for government contracts? If so, given Hong Kong is GPA designated and in close proximity to Shenzhen, could this be a viable work around? Cheers!
Hello, I’m not an expert with non-US countries doing GOVCON. What I do know is you have to get an NCAGE code and I think your country has to be a NATO member. Don’t quote me on that. Buy American means you wouldn’t be buying from China, yes. I don’t know about any work arounds, though.
Anyone know the typical competitive profit margins for medical supplies? Just to get an idea of how much to bid. I don't mind getting rejected by them, but I also don't want to be ridiculous with my bidding. Thanks guys!
You have to have a DUNS code and Cage code. You select NAICS codes when you register your business entity in SAM.gov You choose a primary NAICS code but can add/edit/delete other naics codes as necessary in your SAM profile easily. They are replacing DUNS number December 2020 with a new universal code. For now, you need to have both a DUNS and CAGE code to be eligible for a contract award.
First awesome video man, so helpful. I have two questions: 1. In Sam.gov when they have active solicitation but expired response deadline, do you know what does that mean? 2. Do you have to have certain amount of revenue/profit as small business to be able to apply for contracts or does that not matter?
Thanks! 1) just means they haven’t archived it yet. And 2) Profit is usually only looked at if you have a DCAA audit. It’s really up to you to keep your business above water
I recommend going through as many of my free courses as you can and mostly just learn as much as you can about what the government is buying and how you can sell it: govkidmethod.com/
I am about to bid on a contract. It’s small, only 20k. I am extremely confident I am going to win because it’s a repost and it closes in a couple days and no other vendors has shown interest. I am certainly not looking to gouge the government, but what would be a price I could look at charging if I am extremely confident competition is not a factor. The items are actually a pain to find.
It truly depends on the level of competition as well as what site you are bidding on (Unison or beta.sam). Competitive margins can be as wide ranging as 2%- 15% on competitive bids. It also depends what the THING is that you're selling. Without knowing if it's a product or providing a service, it's really all over the place. If it's a sole source, margins can be higher.
Govkid, I kinda feel ignorant after I watched your first video and when you stated “your selling to the government”. I thought wow how didn’t I know that.
Hi all, being somewhat new to the space, I’d love to get your insights on two points: 1. Do you think being a middleman puts us at a disadvantage when competing with specialized service providers for contracts? 2. How do you effectively present your company’s strengths and unique value proposition on your website to impress contracting offices? Thanks for your feedback!
1) There's no way to win against a specialist who has their CAGE code if you're a middleman unless they are very greedy with their margins. 2) You do not need to present your strengths and value prop on a website, it makes no difference. Do this in your bid proposal submissions working with your selected subcontractor (teaming partner) as they will have the value prop.
It typically means they haven’t decided on one yet or there may not be one. You can try to email contracting and ask what the procurement strategy will be if you don’t want to wait until the solicitation is released
Is there a big disadvantage of being white male non-veteran in government contracting? It feels like it is of theres just the smallest wift of competing bids.
Hey govkid. Another great video you answered so my questions thank you. But I’m still a little confused when searching Sam beta with a set aside 8a and SVOD. Knowing that all contracts go through the 4 stages can an 8a or SVOD be awarded a contract without posting the sources sought? If not when searching for a sources sought should I have the 8a AND SVOD filters tuned off? Kinda a stupid question but I heard some 8a contracts getting direct awards with a letter from the CO, I guess that’s why I’m a little confused
They all get started as a sources sought. If a bid goes “sole source” you won’t see it go through any of the later stages. They may post the award for it but they don’t always. Companies that have a relationship with contracting will sometimes get the job direct and you won’t see anything direct
I'm a Retired US Marine Corps Chief Warrant Officer 4 and not easily impressed. THIS IS ONE OF THE BEST VIDEOS THAT I'VE SEEN ON TH-cam! Nuff said. Semper Fi.
Made my night. Thank you, sir! Semper Fi
This is gold for me. Thank you.
I’m a disabled vet as nov2021 and now the owner of Ikanic llc which I just got verified through Sam.
This was very much needed. No fluff.
Thank you. Subscribed.
I'm just going to say God Bless you. You left out the fluff and went straight to giving us info we need.
Thank you! I’m blessed to serve!
I know this is old, but I am trying to learn AS MUCH as possible before I start bidding…. I like how you get down to the “meat and potatoes” of each topic… I’m getting “salad” on other channels😩 thank you.
Happy it helps! Lots of free content here on the channel. Although, I also highly recommend my book because I go into a lot of examples and other things I don’t cover on the channel. It’s at legalmiddleman.com if/when you’re interested
I love the way you provide this information with images and detailed examples and descriptions.
Thanks alot! Best video ever
Yessssss!
VOSB here thank you for your hard work. You unveiled the process and looking a something suitable for my business as we speak. All the best!
That’s awesome, thank you!
This was a very informative video and it helped me so much with learning the system and how to move forward in beta sam and through the 4 stages of the bid process. thanks
Great info. I am just starting to learn about gov con and this video was very helpful. Thanks!
Glad it was helpful!
Very detailed to help beginner and experience coaches share their knowledge
I was recently approved with DOD as freight broker agent. Its very confusing in the beginning because nobody walks you through what to do.
Agree!!
Most definitely 😂 i need help getting through the RFQ’s at this point
Thanks for this info. I could not figure out all the steps. This has helped.
Glad it helped!
Yes you did. You explained everything very explicit for it to be understood grateful thank you very much
Glad it was helpful!
This was a great, to the point video. Thanks!
Thank you for the time you put into this content. It was not in vain. God bless you!!
Glad you enjoyed it!
Sound video. Thank you for putting the effort together for such a good product. New Subscriber!
Appreciate that! Happy to have you join our community :)
@@GovKidMethod
If I have an LLC that's suspended because I didn't know I had to file it with my taxes and if I pay the 275 to make it active again ( Deactivated for about 3-4 years can I use it for this?
thanks for sharing this knowledge.
Thank you for this!!!
You're so welcome! It's important to understand
Great presentation! Good info! I will use to strategize my marketing plan. Thanks.
Thanks, Stephanie! Glad it helped :)
Great information..
Thanks so much.
Glad it was helpful!
Very well explained😊😊😊😊
Thanks a lot 😊
Thank you so much. The is very help, but I do have a question, If you didn’t respond to the Sources Sought can you still bid at stage 3?
Yes you can! The purpose of responding at stage 1 is to help shape the requirement (ie. get it set aside). It’s also for marketing purposes, but doesn’t replace the future bidding.
Thanks for responding. I am located in Michigan. I am getting all documents together so I can start at the state level as a vendor.
Hi Gov Kid. So it's my understanding that with current bids, there is no "Submit" button or "Bid" button but rather follow the instructions to submit what the contracting officer is asking for to their email. Such as an RFQ or RFP, etc...
Yes, that’s correct! Email them your bid response based on the instructions to offerors. Ask contracting any questions you have.
Thank you! Your explanation is very helpful and clear.
Thank you 😊 This was VERY helpful.
You're so welcome!
I had no clue but as usual, your information is amazing.
when responding to a sources sought, should I have everything set up already. Or is this just letting the company know that I am interested?
I am interested in starting in the notary business and event planning speaking and training my husband a retired veteran.
Hey Derek,
Love your work, great content and full of value. I did have a quick question, being an Australian could you please confirm that under the FTA this shouldn't be an issue for qualifying for government contracts? I also did a bit more reading and came across the Buy American Act and from what I understand, China as a COO would be a no go for government contracts? If so, given Hong Kong is GPA designated and in close proximity to Shenzhen, could this be a viable work around?
Cheers!
Hello, I’m not an expert with non-US countries doing GOVCON. What I do know is you have to get an NCAGE code and I think your country has to be a NATO member. Don’t quote me on that. Buy American means you wouldn’t be buying from China, yes. I don’t know about any work arounds, though.
This is great information! Thank you for sharing.
Anyone know the typical competitive profit margins for medical supplies? Just to get an idea of how much to bid. I don't mind getting rejected by them, but I also don't want to be ridiculous with my bidding. Thanks guys!
I have this same question
Thanks a MILLION fam !
Do you have to have a duns number and NAICS code for this?
You have to have a DUNS code and Cage code. You select NAICS codes when you register your business entity in SAM.gov You choose a primary NAICS code but can add/edit/delete other naics codes as necessary in your SAM profile easily. They are replacing DUNS number December 2020 with a new universal code. For now, you need to have both a DUNS and CAGE code to be eligible for a contract award.
First awesome video man, so helpful.
I have two questions:
1. In Sam.gov when they have active solicitation but expired response deadline, do you know what does that mean?
2. Do you have to have certain amount of revenue/profit as small business to be able to apply for contracts or does that not matter?
Thanks! 1) just means they haven’t archived it yet. And 2) Profit is usually only looked at if you have a DCAA audit. It’s really up to you to keep your business above water
Really appreciate the content. Really does help good sir
What do we do if we are the accounting firm looking for bids? We are not contracting out work we would be doing it ourselves?
This is amazing! Your amazing 🤩 I love your channel !
Thank You
You're welcome!
hello,
This may be a stupid question, but where can I get a RFQ or RFP template?
How do you get into contact with a Contract Officer, or how do they reach out to you?
Thank you for this information.
Really useful information. Thanks.
What softwares are you use to run your company.
Excellent! Thank you
Glad you enjoyed it!
Very informative!
Glad it was helpful!
Hey man I’m 18, I wanna start doing this as a business. How do I start and do u have any tips?
I recommend going through as many of my free courses as you can and mostly just learn as much as you can about what the government is buying and how you can sell it: govkidmethod.com/
Great content!!! Look forward to this journey...
Hello what if your looking for a awarded bid for a certain NAIS Code
Great info man keep up the great work.
Can you show How to literally bid on these?
Great video and very helpful thanks
Excellent!!!👏👏👏👏👏
What is the difference between place of performance state and place of award state?
Do you offer any kind of one on one consultation? Obviously I’ll pay you for your time to answer some general questions
Yes, I offer strategy sessions. You can find them and my free courses here: govkidmethod.com/
vet
very good video,thanks
Glad you liked it!
Do you have a full training process or program?
govkidmethod.com/p/govcongoldrushapp
Thanks!this is really helpful
Thanks, very informative
Thank you for this
No problem 😊
I never submitted a proposal. I just submitted bids. I guess that's why I haven't won a contract yet. :(
Is a federal employee able to bid on contracts legally?
I am about to bid on a contract. It’s small, only 20k. I am extremely confident I am going to win because it’s a repost and it closes in a couple days and no other vendors has shown interest. I am certainly not looking to gouge the government, but what would be a price I could look at charging if I am extremely confident competition is not a factor. The items are actually a pain to find.
It truly depends on the level of competition as well as what site you are bidding on (Unison or beta.sam). Competitive margins can be as wide ranging as 2%- 15% on competitive bids. It also depends what the THING is that you're selling. Without knowing if it's a product or providing a service, it's really all over the place. If it's a sole source, margins can be higher.
Govkid, I kinda feel ignorant after I watched your first video and when you stated “your selling to the government”. I thought wow how didn’t I know that.
did u end up winning the contract, First Last?
Hi all, being somewhat new to the space, I’d love to get your insights on two points:
1. Do you think being a middleman puts us at a disadvantage when competing with specialized service providers for contracts?
2. How do you effectively present your company’s strengths and unique value proposition on your website to impress contracting offices?
Thanks for your feedback!
1) There's no way to win against a specialist who has their CAGE code if you're a middleman unless they are very greedy with their margins.
2) You do not need to present your strengths and value prop on a website, it makes no difference. Do this in your bid proposal submissions working with your selected subcontractor (teaming partner) as they will have the value prop.
On a pre solicitation, where is says set aside but it does not specify which set aside. Can you explain why please?
It typically means they haven’t decided on one yet or there may not be one. You can try to email contracting and ask what the procurement strategy will be if you don’t want to wait until the solicitation is released
@@GovKidMethod Thank you so much :)
🔥🔥🔥🔥🔥 thank for information
Government contracts in youth work?
You are sent from heaven!!! thank you so much!! (^_^)
Wow, thank you!
Thanks so much my Guy 💙💯
Happy to help
Is there a big disadvantage of being white male non-veteran in government contracting? It feels like it is of theres just the smallest wift of competing bids.
Get a partner...
Hey govkid. Another great video you answered so my questions thank you. But I’m still a little confused when searching Sam beta with a set aside 8a and SVOD. Knowing that all contracts go through the 4 stages can an 8a or SVOD be awarded a contract without posting the sources sought? If not when searching for a sources sought should I have the 8a AND SVOD filters tuned off? Kinda a stupid question but I heard some 8a contracts getting direct awards with a letter from the CO, I guess that’s why I’m a little confused
They all get started as a sources sought. If a bid goes “sole source” you won’t see it go through any of the later stages. They may post the award for it but they don’t always. Companies that have a relationship with contracting will sometimes get the job direct and you won’t see anything direct
awesome
Can you help me bit contract?
Can I get wedsite for Government contract web website
Hey can you mentor me?
hello, do you have an email? I have couple of questions I want to ask
What time can l call you
Thank you!!! This was so very helpful.