Pricing Government Contracts to Win
Dr. Curtis A. Merriweather, Jr. discusses various government contracting and entrepreneurship topics. Dr. Curtis was named a Game-changer by the White House Policy Advisor for Entrepreneurship and Innovation in 2020. He has secured more than $1B+ in contract ceiling. Dr. Curtis will provide practical techniques, tips, and tricks to aid your entrepreneurial journey on this channel.
In the video, Dr. Curtis shares content he would normally share with government contracting students. He discusses factors that every government contractor should consider when developing pricing. Dr. Curtis emphasizes the importance of pricing correctly to avoid learning from costly mistakes and lack of profitability. They use an example involving a fictional prime contractor called ABC and assume a rate of $100 per hour for subcontractors (which may vary slightly). Dr. Curtis stresses the importance of wrap rates, target rates, billable hours, and salary data to determine direct labor thresholds.
Chapters:
00:00:00 Introduction
00:02:11 Unleash Your Potential
00:04:45 Mastering Pricing Strategies for Government Contracts
00:08:22 Unleash Your Pricing Power: Mastering Wrap Rate and Target Rate
00:10:37 Unveiling the Average Work Year in Government Contracting
00:13:20 Calculating Paid Time Off
00:17:35 Unveiling the Secrets of Determining Salary
00:18:59 Mastering Profitability: Unveiling the Secrets of Pricing Right
Key Takeaways:
1. Your employer has accounted for your paid time off and you are paid consistently, whether annually, biweekly, semimonthly, or monthly.
2. It is important to determine the pricing that can be used to pay actual employees based on factors like wrap rate, direct labor considerations, salary, and billable hours.
3. If the pricing is not set correctly, it can affect the ability to recruit and retain talented employees.
4. A target rate can help determine what can be paid for direct labor and ensure profitability.
5. The process of deriving the wrap rate is discussed in detail in the 8-Figure Government Contracting Mastery 5X Bundle Program
Please feel free to follow me on other platforms:
Follow me on Instagram (IG):
https://www.instagram.com/drmerriweatherformayor/
Follow me on Medium to read my blog posts: https://medium.com/@cmerriweatherjr
Free Information Session Registration Link:
https://www.8figuregovcon.com/registration-page
To take a government contracting class, please use the following link:
http://www.8figuregovcon.com/
To go directly to our course store library, please use the following link:
http://www.8figuregovcon.com/store
.
.
.
This YouTube channel is a news reporting and educational site covered under Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. No copyright infringement intended.
#governmentcontracting #govcon #federalcontracting #drcurtismerriweatherjr ##governmentcontractingsuccess #govcon #govconsuccess
-
LIVE
Matt Kohrs
12 hours agoDJT Pumps Ahead of Debate, Live Trading & Breaking Market News || The MK Show
1,483 watching -
LIVE
Wendy Bell Radio
6 hours agoTonight Is About How Much Joe Biden Sucks
10,818 watching -
22:21
Stephen Gardner
14 hours ago🔴BREAKING: Putin Issues DEVASTATING WARNING to US Pentagon
63.3K192 -
1:10:43
Graham Allen
3 hours agoSCOTUS BETRAYS AMERICANS AGAIN?!?! + CNN Continues To Rig Debate For Biden!!
20.2K63 -
1:14:01
Steven Crowder
1 day agoThis is How Trump Beats Biden in the Debate | GUEST: Trump Spokeswoman Karoline Leavitt
412K856 -
1:35:28
The Kirk Minihane Show
2 hours agoKMS Live - June 27, 2024
1.58K1 -
LIVE
2 MIKES LIVE
2 hours agoThe Mike Schwartz Show 06-27-2024
230 watching -
6:23
Legal Insurrection
10 hours agoDebate Strategies: Biden vs. Trump - Insights from Legal Insurrection
1.56K2 -
14:39
Dr David Jockers
1 hour agoThe Best Fasting Window for Weight Loss - Dr David Jockers
4.92K2 -
1:35:27
The Podcast of the Lotus Eaters
5 hours agoThe Podcast of the Lotus Eaters #946
25.9K11