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ratings:
Length:
2 minutes
Released:
Nov 17, 2023
Format:
Podcast episode

Description

How long can a government contract be? Most contracts are awarded to meet ongoing requirements. Therefore, it makes sense to have a contract in place to cover that requirement at all times. However, is there a maximum length for those contracts? What is the “right” length of a federal government contract?That can be a tricky question.If the contract duration is too short - it’s a lot of work to recompete it often (i.e. every month is too short). But if the contract is too long, or is perpetual, then no new contractors have a chance to win it (i.e. a contract that is awarded every hundred years is unwinnable for nearly every company).The solution lies between these two extremes.In this episode, we explain the “standard” length of federal contracts. Plus, we outline why the “standard” is just that, a standard – not an absolute. There are exceptions of course.In addition, we tackle the more important question of how long a contract SHOULD be. We explain some of the factors that impact the length of a contract and how to work through them.**The first 400 episodes are still free**Episodes 401 and beyond are inside Skyway Central.Click here to access your Podcast 2.0 license for $20/mo and start listening today!
Released:
Nov 17, 2023
Format:
Podcast episode

Titles in the series (64)

THE podcast for those who want to learn about the government market from the contracting officer's perspective. Kevin Jans and Paul Schauer, both former federal contracting officers, explain the rules, processes and the "why" behind government contracts. They know because they've done it.