Change is unavoidable, especially in the construction business. Unexpected changes in industry will almost certainly force you to reexamine your plans and make strategic improvements, regardless of the high-level plan on which your business strategy is based. This is especially true for construction companies exploring Business to Government (B2G) projects to expand their present client base to a new market.
Why B2G Transactions?
Closing government construction projects may be the greatest method for companies aiming to expand their pipeline and revenue to meet the high compliance standards of B2G.
B2G is a great way to broaden your boundaries and test the waters with a potentially valuable client base. Here are some of the other advantages of working on government construction projects:
- Enhanced credibility. Businesses that mention government organizations among their clients are more reliable and trustworthy in the eyes of both the business sector and private consumers.
- Continuous work and steady income. If you have the chance to bid, winning a contract with a government agency leads to contract renewals quickly after the previous one has ended. This ensures that you have continuous employment, as well as a consistent revenue stream.
- Network expansion. When you cater to a single government agency, you can build strategic relationships with other government groups. This could open up new doors to new possibilities and new customers, which could lead to more sales.
Leveraging PhilGEPS to expand your pipeline and generate profits from winning government projects can be extremely beneficial.
PhilGEPS makes all government procurement and bid opportunities available online, providing electronic access to bid documents, the Annual Procurement Plan of government agencies, and the uploading of product catalog advertisements. PhilGEPS also sends out automatic notifications when new opportunities are available.
All registered members are automatically assigned a red membership. Members can access government procurement projects through the PhilGEPS website with this basic membership option.
However, members must upgrade to Platinum Membership in order to place bids. Valid and up-to-date business documents, as well as a Php 5,000 Platinum membership fee, are required by PhilGEPS for this form of membership.
The following are the 50 most recent construction project listings that are still open for bids on PhilGeps.
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First Circle. (2019, July 31). How to Bid on Government Contracts through PhilGEPS. Retrieved April 4, 2022, from https://blog.firstcircle.ph/how-to-bid-on-government-contracts-through-philgeps?msclkid=c460d3eab16b11ec841dfe3b4a8e8e58