3 Types of Contractors copertina

3 Types of Contractors

3 Types of Contractors

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Summary


This conversation discusses the three types of government contractors: revenue contractors, novelty contractors, and contracting businesses. Revenue contractors have established businesses that add government contracting as an additional line of revenue. Novelty contractors are consultants who stumble upon government contracts but are not interested in the heavy lifting of government contracting. Contracting businesses solely exist to do government contracting and have special needs. The conversation also highlights the importance of understanding government accounting and billing systems, with the regulations for unallowable and unbillable costs in government contracts.



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