You are here: Home / Archives for Featured

Government Contractors Credit Union Being Formed by NAMGC

February 10, 2010 By Leave a Comment

The National Association of Minority Government Contractors (NAMGC) is working on establishing a new federal credit union just for government contractors. They have received preliminary approval from the National Credit Union Administration (NCUA) so they will soon be ready to accept members after they complete the chartering process via the NCUA.

NAMGC is asking the GovCon community for input to assist them in developing the best possible programs to serve the credit union members. They are asking interested parties to complete the voluntarily survey linked t0 below and to submit it via email to info@namgc.org.

http://www.namgc.org/NAMGC_GCFCU_Survey.html

NAMGC President, Alpha Roberts, invites you to contact her via email with any questions regarding their proposed federal credit union at alpharoberts@namgc.org.

Links:

National Association of Minority Government Contractors (NAMGC): http://www.namgc.org/

National Credit Union Administration (NCUA): http://www.ncua.gov/

Filed Under: Featured

Carroll Publishing Announces New GovCon Tool

February 9, 2010 By Leave a Comment

While the DC area was focused on getting itself unburied from “Snowmageddon” Carroll Publishing quietly announced a useful new resource for government contractors. Their GovSearch™ product now includes comprehensive government transactions data giving clients access to the purchasing history of products and services by the Federal government, with detail including dollars spent, contract completion dates and vendors from whom the government made its purchases. Here is their press release:

Bethesda, MD (PRWEB) February 8, 2010 — Carroll Publishing, the nation’s leading provider of top quality government contact solutions, announced today the launch of new purchasing “transactions” content, expanding the coverage of its online database services. The Company’s Federal government “transactions” addition is part of a focused initiative to develop its GovSearch™ product line into a comprehensive research tool that can fully assist companies in doing business with the Federal government.

The new data is the purchasing history of products and services by the Federal government, with detail including dollars spent, contract completion dates and vendors from whom the government made its purchases. Users can access the data by selecting from a product/service category, by a Federal department or by a funding office. As an added benefit, this purchasing data is linked directly to the funding office key contacts and decision makers.

With the launch of “transactions,” subscribers will have timely, one-stop access to find and track where the government is spending money. By using the database service, subscribers can effectively render strategies for positioning their companies in the government marketplace. This data is seamlessly integrated with the government contact files to take the user directly to the funding office linked to the “transaction” – an exclusive feature only delivered by Carroll Publishing.

Bill Wade, President of Carroll Publishing said, “We are pleased to announce a total database solution that will help provide our customers the most comprehensive access available to the Federal government’s purchasing activities. We have transformed our product to set us apart from the competition and truly impact the delivery of government information today.”

The launch of purchasing transactions is part of a focused effort by Carroll Publishing in expanding its online services to become the essential research tool for doing business with the government.

To register for a free trial of the database go to www.carrollpub.com/transactionsPR.asp.

About Carroll Publishing Carroll Publishing, in business since 1974, maintains a robust database of government contact information for federal, state, municipal and county government levels, including the federal and defense industry contractors. Exclusive to its offering are published and real-time organization charts detailing reporting structures within the government. Products are delivered as a subscription website, CRM-friendly data sets, print directories and organizations charts, and Real-time XML Delivery, offering on-demand access.

Filed Under: Featured Tagged With:

15th Annual Government Contractor Industry Survey

January 20, 2010 By Leave a Comment

Grant Thornton released its 15th edition of their Government Contractor Industry Survey and published these highlights:

Revenue Trends – Fifty percent of survey participants experienced revenue increases from federal business during the past year, while 20% suffered decreases.

Revenue impact from stimulus spending – Only 4% of surveyed companies anticipate significant revenue increases from the stimulus package.


Management and support headcount – At 14.6%, management and support headcount as a percentage of total headcount is somewhat lower than the 16% reported in last year’s survey.
Profit rate – Profits before interest and taxes continue to be modest in the government contracting industry. Forty-five percent of surveyed companies had either no profit or profit rates between 1% and 5% of revenue in this year’s survey, compared with 37% last year.
Proposal win rates – Survey participants report a 30% win rate from proposals for non-sole-source business. The win rate jumps to 60% when the company establishes a special business unit such as a joint venture or a limited liability corporation to bid the work.
Identifying out-of-scope work – Fifty-six percent of surveyed companies consider their procedures for identifying out-of-scope work to be either not effective or only somewhat effective.
Executive compensation – Executive compensation remains the cost element most frequently challenged by DCAA. DCAA’s methods for questioning these costs tend to be weak and can be challenged from several perspectives.

New compliance regulations – The government has recently expanded requirements for compliance systems which are applicable to most government contractors. Compliance with these regulations is mandatory, and failure to comply can result in prosecution, suspension and debarment.

Recent DCAA developments – DCAA operations have been severely criticized in two recent GAO reports, and as a result there have been major changes in DCAA management and audit procedures. These changes are likely to increase the risks facing government contractors.

Take advantage of this valuable survey Grant Thornton produces for the GovCon community each year. You can view and download (free) here: Grant Thornton Annual GovCon Survey

Filed Under: Featured

The Shot That Was Heard Around the World

January 19, 2010 By Leave a Comment

Senator Scott BrownA Republican victory in the Massachusetts Senate race is an extraordinary political event that will have significant effect on American politics for decades to come. For a Republican to capture the seat Teddy Kennedy held for dozens of years is akin to the shot that was heard around the world.

Whether you agree, disagree, are happy with the outcome, or not, here are some of the opinions I’ve read about what it will mean:

  • “loss of a filibuster-proof majority” – Republicans (at least in the Senate) matter again.
  • “a debilitating media narrative: that Martha Coakley’s loss was a referendum on the President” – The President will find it far more difficult to persuade nervous Democrats to ignore their constituents and vote with him.
  • “in certain ways not having a filibuster-proof majority is politically advantageous to the President. If you have 60 votes, the pressure is on you to deliver every single one of them. If you have 59, the pressure is suddenly on the minority party not to be obstructionist.” – I’ve heard this a couple of times and I agree that an end to the extreme rush to pass sweeping reform will improve the President’s chances of getting relected in 2012.

What this means for business is unclear and will depend on whether truly bi-partisan efforts to invigorate our economy emerge or we go into a phase of stalemate where nothing much gets done.

No matter what your political views are this election will go down as one of the most significant of all time.

Reuters story on Scott Brown, the winner of this historic election: FACTBOX-Massachusetts U.S. Senator Scott Brown

Filed Under: Featured Tagged With:

Internet Capital Group Acquires GovDelivery and GovLoop

January 5, 2010 By Leave a Comment

Internet Capital Group (ICG), a private-equity and venture-capital firm that invests in tech firms, acquired a controlling stake in GovDelivery for $19 million, which acquired GovLoop late last year.

The deal will provide GovDelivery with capital and other resources needed to continue expanding its business, the companies said in a statement earlier.

“ICG is partnering with GovDelivery because we recognize that they are the clear leader in delivering innovative software as a service and social media solutions to the public sector market. We are confident we can help GovDelivery continue to build off of its strong foundation and broaden its market presence,” said Walter Buckley, CEO of ICG (Nasdaq: ICGE), in a press statement.

PR Newswire: GovDelivery Management Partners with Internet Capital Group to Acquire GovDelivery from Existing Investors

Filed Under: Featured Tagged With: , ,
« Older Posts
Newer Posts »