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