Here’s a situation you may have encountered. You’ve identified a bid opportunity that’s perfect for your company or team, but it’s a set-aside contract and you don’t hold the proper status. You know you need to team up, but your company is having a hard time finding the right small business to partner up with. Or perhaps you're a small business that wants to enter the federal contract market by subcontracting to large businesses. As former federal contractors, we understand how hard it can be to find the right teaming partner for your company. We also realize that companies take on a lot of risk when committing resources to a bid opportunity, and quite often choosing a qualified, experienced teaming partner can make all the difference. That is why we created GovTribe Radar.
With GovTribe’s Radar tool, you can quickly and easily find the companies that best complement your own capabilities using smart data analytics and real-time updating government contract award and spending data. Based on your search specifications, Radar will sift through GovTribe’s contract and vendor database and present the top vendors in a market segment that you define. You spend less time digging through the data and more time making executive decisions on whom to partner with, and then building those critical relationships.
For example, let’s say that you are working BD at a large business and your company wants to work on a NASA IT systems project that is set-aside for Service-Disabled Veteran-Owned Small Businesses (SDVOSB). The place of performance for the contract will be Florida and you believe experience with NASA in Florida will be important to winning the contract. Using Radar, you can simply add in the appropriate filters – in this case, we added an agency filter for NASA, several IT-related NAICS category filters, a place of performance filter for Florida, and an SDVOSB filter under set-aside type.
In just a few seconds, Radar shows you the top companies in
that market segment sorted by market share. If you click on the pie chart that
is associated with a vendor under the market share column, you can see all of
the NASA contracts previously awarded to that vendor. Click on the heart icon
in the Partner column to add that company to your Partners
list. In addition, click on the company’s name to find out more information like
their total contract history, points-of-contact, and contact information.
You can also use Radar for more general competitive analysis. Define your market segment to quickly scout out your top competitors. Launch Radar from a specific contract opportunity (Project) page to view a list of likely bidders based on the characteristics of that opportunity. Stop wasting precious business development resources on risky opportunities that are wired for your competition.
And most importantly, with Radar there is practically no learning curve. Whether you are a large business trying to find small businesses partner or are a small business trying to find a large – simply define your market and view the results. To learn more about Radar, visit our help page. If you have an existing GovTribe account simply try it out yourself. If you don’t have a GovTribe account, sign up for a free trial today and see for yourself how useful and time-saving Radar can be!