Contract Awards Calendar

Contract Awards Calendar

Contract Awards Calendar 150 150 Jonathan Poland

Governments around the world typically follow a structured and organized process for awarding contracts to suppliers, contractors, and service providers. This process is designed to ensure transparency, competitiveness, and cost-effectiveness. Although the specific calendar and process may vary depending on the jurisdiction and type of contract, the general steps can be outlined as follows:

  1. Fiscal year planning: Government agencies usually align their contracting processes with their fiscal year, which can vary by country. For example, the U.S. federal government’s fiscal year runs from October 1 to September 30, while the UK’s fiscal year runs from April 1 to March 31. During this planning phase, agencies identify their budgetary and procurement needs.
  2. Pre-solicitation: In this phase, the government agency researches and prepares the necessary documentation for a contract opportunity. This can include drafting a statement of work (SOW), performance work statement (PWS), or specifications. Additionally, the agency may conduct market research to identify potential suppliers or contractors.
  3. Solicitation: The government agency publishes a formal request for proposals (RFP), request for quotations (RFQ), or invitation for bids (IFB) to solicit bids from interested parties. These documents typically outline the scope of the project, the requirements, evaluation criteria, and submission deadlines. The solicitation period can vary in length, but it usually provides ample time for interested parties to prepare and submit their bids.
  4. Evaluation and selection: Once the submission deadline has passed, the government agency reviews and evaluates the submitted bids or proposals. This process can take several weeks or months, depending on the complexity of the project and the number of proposals received. The evaluation criteria will have been outlined in the solicitation documents, and the agency will use these criteria to score and rank the proposals.
  5. Contract award: After the evaluation process, the government agency selects the winning bid or proposal and awards the contract. The agency will notify all bidders of the outcome and may provide a debriefing to unsuccessful bidders upon request. The awarded contract will include specific terms and conditions, project milestones, and payment schedules.
  6. Contract execution: The winning contractor or supplier begins work on the project as outlined in the contract. The government agency will monitor progress, ensure compliance with the terms and conditions, and provide oversight throughout the project’s duration.
  7. Closeout and evaluation: Upon completion of the project, the government agency will review and assess the contractor’s performance. This can include a final report, audits, or evaluations. The agency may also provide feedback to the contractor to help improve future performance.

These steps represent a typical government calendar for awarding contracts. However, it’s important to note that the specific timeline and processes may vary depending on the jurisdiction, the type of contract, and the unique requirements of the project.

The U.S. Government contract calendar typically follows these key steps:

  1. Fiscal year planning: Align procurement processes with the U.S. Government fiscal year, which runs from October 1 to September 30.
  2. Pre-solicitation: Research and prepare necessary documentation, such as statement of work (SOW) or performance work statement (PWS), and conduct market research to identify potential suppliers or contractors.
  3. Solicitation: Publish a request for proposals (RFP), request for quotations (RFQ), or invitation for bids (IFB) to solicit bids from interested parties, including project scope, requirements, evaluation criteria, and submission deadlines.
  4. Submission deadline: Set a deadline for interested parties to submit their bids or proposals, typically providing sufficient time for proposal preparation.
  5. Evaluation and selection: Review and evaluate the submitted bids or proposals based on the evaluation criteria outlined in the solicitation documents. This process may take several weeks or months, depending on the complexity of the project and the number of proposals received.
  6. Contract award: Select the winning bid or proposal and award the contract, notifying all bidders of the outcome and offering debriefings to unsuccessful bidders upon request.
  7. Contract execution: Monitor the winning contractor’s progress, ensure compliance with the terms and conditions, and provide oversight throughout the project’s duration.
  8. Closeout and evaluation: Review and assess the contractor’s performance upon project completion through final reports, audits, or evaluations, providing feedback for future performance improvement.

Please note that the specific timeline and processes may vary depending on the jurisdiction, the type of contract, and the unique requirements of the project.

Learn More
Bank Derivatives Jonathan Poland

Bank Derivatives

Bank derivatives are financial instruments whose value is derived from an underlying asset, index, or other financial instruments. They are…

Systems Theory Jonathan Poland

Systems Theory

Systems theory is a field of study that focuses on the ways in which independent components or elements interact and…

Elevator Pitch Jonathan Poland

Elevator Pitch

An elevator pitch is a brief, persuasive speech that is used to quickly and simply explain an idea or concept.…

Operational Efficiency Jonathan Poland

Operational Efficiency

Operational efficiency can be defined as the ratio between the inputs to run a business and the output gained from the business. It is primarily a metric that measures the efficiency of profit earned as a function of operating costs.

Reputational Risk Jonathan Poland

Reputational Risk

Reputational risk refers to the potential for damage to an organization’s reputation as a result of its actions or inactions.…

Employee Development Jonathan Poland

Employee Development

Employee development is the process of providing employees with learning and experience opportunities that support their career aspirations and the…

What is Baseline? Jonathan Poland

What is Baseline?

A baseline is a reference point or starting point that represents the status or condition of something at a specific…

Business Strategy Examples Jonathan Poland

Business Strategy Examples

A business strategy refers to a long-term plan that outlines the future direction of a company and how it will…

Business Goals Jonathan Poland

Business Goals

Business goals are targets that an organization sets for itself in order to improve its overall strategy and performance. These…

Search →

Key Bridge

People. Profit. Progress.

Business is the lifeblood of progress and you are the driving force regardless of where you fit in the value chain. People drive profit by bringing useful products and services to market. Profit drives progress by allowing the best ideas to emerge and the best investments to win.

This is the cycle of capital that moves the world forward and that’s why I started Key Bridge, a private membership for the pursuit of profit and progress; a platform for building better assets, tackling global challenges, and advancing the greater good.

Key Bridge

People. Profit. Progress.

Business is the lifeblood of progress and you are the driving force regardless of where you fit in the value chain. People drive profit by bringing useful products and services to market. Profit drives progress by allowing the best ideas to emerge and the best investments to win.

This is the cycle of capital that moves the world forward and that’s why I started Key Bridge, a private membership for the pursuit of profit and progress; a platform for building better assets, tackling global challenges, and advancing the greater good.