We help a lot of clients with certifications, GSA Schedules, GWACs and IDIQ contracting vehicles. As part of this process and 20 years in business we have learned what works and what doesn’t happen in the federal space. Today I want to instill in you one lesson, which can be challenging to stick to, but if you want to greatly increase your odds of being a success in the federal marketplace you must guard against your urge to go Shotgun approach. To make my point I have created the following table to keep you on track as a Sniper.
|
Feature |
The Shotgun Approach (The Amateur) |
The Sniper Approach (The “Pro”) |
|
Agency Focus |
Budding on anything in your NAICS code. |
Deep diving into 3 specific sub-agencies. |
|
Data Strategy |
Browsing Sam.gov once per week. |
Focused on Agency specific past and forecasted spending. |
|
Relationship Strength |
Emailing generic “Capabilities Statements” to 50 people. |
Monthly coffee/briefings with 1 specific Program Manager. |
|
Proposal Quality |
“Copy-Paste” templates with minor tweaks. |
Custom solutions mapped into Agency Strategic Plans. |
|
Compliance Overhead |
Scrambling to meet CMMC-Cyber requirements last minute |
Proactive compliance as a Market Entry Barrier |
|
Win Rate |
~2% (Low margin “LPTA” races to the bottom) |
~25-40% (High-margin “Best Value” awards). |
|
Customer LTV |
One-and-done, low-value task orders. |
Multi-year “Sticky” contracts and sole-source renewals. |
|
Past Performance |
Received high marks for above average performance. |
CPARS Obsession with getting the absolute best rating making sure execution level is above expectations. |
The most interesting thing is that in many instances the Sniper approach requires less effort because it eliminates the time many firms spend twiddling their thumbs not knowing what to do.
If you would like to strategize on how your firm can achieve in federal contracting give us a call, we are always happy to help!