Define Federal Contractor and Discuss the Entire Concept of Federal Contractors?
Introduction: The concept of a contractor refers to that person, who generally undertakes a certain responsibility in exchange of service charge or a fixed fee. For example – a person has taken up the responsibility to construct a building from the land lord. Therefore, that person who is responsible to construct the building is the contractor. Now understand what is federal contractor ? Unlike contractors – federal contractors are those individuals or employers undertakes responsibility of a contract with United States and perform a specific job, do labor supply, raw materials, or for the sale of products and services. Now as we have introduced what is federal contractor ? at the beginning of our discussion. Let’s see the other side of the federal contractors – The federal government contractors are responsible to provide products and services to the local, state and federal governments. Federal Government agencies are flexible enough to offer contracts to businesses to ...