Government contracts are a stable source of company revenue, but they come with strings attached. They are tough to obtain and maintain. Not only is the process of breaking into the government marketplace complicated, but complying with related regulations post award can also be a challenge. On the upside, doing business with the government is slightly affected by the expansion and contractions in the economy, resulting in a steady stream of income for contractors for years to come.
In reality, many business bidders primarily focus their resources on obtaining contracts, with less emphasis on their compliance requirements after winning the contracts. The decision to pursue government contracts must be strategic to account for hedging against compliance risks. For example, creating a business plan to pursue federal contracts must be b