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Firm Research: Five Guys - Term Paper Example

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This paper “Firm Research: Five Guys” will discuss actions required for a firm to participate in government contracting options and a firm’s ability to meet the expected governmental requirements.  Five Guys is a fast food chain that offers food items including hot dogs, hamburgers, and French fries…
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Firm Research: Five Guys
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Download file to see previous pages Five Guys’ business profile containing detailed business information would assist contracting officers, prime contractors, and state and local government buyers to learn well about the organization. If the organization has competitive strengths and capabilities over other, it will be chosen immediately (U. S. Small Business Administration, n.d).  It is a general misconception that small business organizations have to compete head to head with large corporations to win contracts. In reality, the federal government has created wide categories of contract opportunities specifically for small businesses. Therefore, Five Guys does not have to directly compete with other multinational corporations.  By fulfilling the above mentioned procedures, the company can access different federal government contracting options.Generally, steps required to enable a firm to participate in federal government contracting actions vary in accordance with the nature of the contracting option chosen. Regardless of the size and nature of the business, it is necessary for the firm to register with the Central Contractor Registration so as to enter into any type of business contract. Subcontracting to a Prime Vendor would be a better way to get access to government contracting opportunities. Here, the firm makes agreements with the prime vendor. GSA Schedules is another federal contracting opportunity under which long term government wide contracts are made with commercial firms so as to give access to large volume of products. and services at volume discount pricing. In order to be a GSA Schedule contractor, firstly an organization has to make an offer in response to GSA Schedule solicitation. GSA schedule vendors’ contract proposals, offers, and modifications can be submitted through an internet based GSA eOffer system; this online submission procedure simplifies the contracting process to a great extent (U. S. ...Download file to see next pagesRead More
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