Government contractor

Government contractor

A government contractor is a private company that produces goods or services under contract for the government. Often the terms of the contract specify cost plus – i.e., the contractor gets paid for its costs, plus a specified profit margin. Laws often require governments to award contracts to the low bidder [ [http://www.score.org/government_contractor.html How to Get Started As A Government Contractor] , Cheryl Antier, Dream Weaver Enterprises.] . Some communities are largely sustained by government contracting activity; for instance, much of the economy of northern Virginia consists of government contractors employed directly or indirectly by the federal government.

ee also

*Defense contractor

References


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