Zero dollar winning – Part 1
Author's Note: Zero dollar winning in federal contracting occurs when you secure a "hunting license"—an award that initially comes with no guaranteed money or work. The challenge being most companies winning these zero dollar contracts struggle to turn them into revenue-generating opportunities. Let’s start by clearing up terminology and talking about where the money goes when agencies leverage zero dollar contracts. First, zero dollar winning is what happens in federal contracting when you receive a multiple-award contract with no guaranteed money or work. The result is a zero dollar contract. An agency-specific contract is one that allows purchases for just one particular organization, whether it's at the office, agency, or department level. A multi-agency contract(MAC #1) is similar in...
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