Welcome! Sign in or register

How to use e-marketplaces to find stimulus opportunities?

How to use e-marketplaces to find stimulus opportunities?

By Sabra Easterday

Founder and Managing Member of MatchB2B, LLC

http://www.matchb2b.net - – the global bidding platform for services

 

In last month’s blog, I discussed how e-marketplaces might update their websites in order to maximize public procurement opportunities being posted on their site and to give their members the best chance of winning them.  With public ‘stimulus package’ spending continuing into 2010, e-marketplaces certainly have the potential to become a ready source of valuable government leads for businesses. 

In this blog, I turn my attention to how businesses, themselves, should approach the task of finding stimulus opportunities and how they might use e-marketplaces to help them in that task. Set out below are six (6) suggestions.

Six Suggestions

1. Target the right government agencies
 
As first step, identify which government agencies are buying the type of products or services you sell.  In the same way that you target commercial customers, you need to target the right government agencies.  There can be hundreds of government agencies in any region or zone.  In the US, there are more government agencies than I could count (see http://www.usa.gov/Agencies/Federal/All_Agencies/index.shtml).  The EU has even more.  If you are not familiar with which agencies buy in your industry, post a question to this effect on a forum or blog of a quality e-marketplace in your industry and ask the question.  You are likely to get at least a few responses directing you to particular agencies.  In addition, call some government agencies and ask around.
 
2. Target the right industries
 
Second, you need to target the right industries.  Currently, there are certain industries that are benefiting under different countries’ stimulus packages more so than other industries.  For example, the US stimulus package is particularly targeting energy, healthcare and HUB Zones (economically depressed regions) and the EU packages are particularly targeting the auto industry and Eastern Europe.  Maybe these are not industries or regions that your business has traditionally sold into, however, is it possible that your business could target government customers in those industries or regions?  Certainly, your chances in those industries may be greater than in other industries with less stimulus funding.  Join the discussion or start a forum posts on some quality e-marketplaces in your industry to see if others have ideas on how to target industries or regions most benefiting from the stimulus packages.
 
3. Get ready to do business with the government
 
Third, before you start searching for stimulus opportunities, make sure you get your business ready to do business with the government.   Doing business with the government is NOT like doing business with a commercial customer.  Government contracting is regulated by public procurement laws and there are often registrations and forms to fill out before you can even submit a government contract.  I discuss this further in my MatchB2B blog:  www.matchb2b.net/blog/index.php?cur_cat_id=4.  Again, forums and blogs on e-marketplaces in your industry can be a great source of help in working through these issues.
 
4. Search government websites
 
With the above background diligence done, you are now ready to search for opportunities.  Arguably, your first point of call should be government websites that advertise stimulus contracts and bids.  Unfortunately, most countries do not have a single ‘clearing house’ that advertises all government contracting opportunities.  In the US, for example, Federal contracting opportunities exceeding $25,000 can be found on FedBusOpps (http://www.fbo.gov) or on USASpending (www.usaspending.gov/).  However, state and local government contracts are found on the individual state and local government agency websites.  There is also no specific website to find US stimulus contracts.  While federal agencies receive the bulk of the stimulus funds, state and local agencies are also getting billions of dollars that they will, in turn, spend on their own procurement processes.  Therefore, all levels of government offer opportunities.  In Europe, the system is more harmonized – EU public procurement opportunities that are above certain contract values are published on the TED (Tenders Electronic Daily) website, with information about each procurement published in 23 EU languages.   See http://ted.europa.eu/.   Of course, opportunities below the contract value threshold for TED (which varies per EU directive) are not on TED (http://simap.europa.eu/supplier/opportunities-in-europe/index_en.htm).
 
5. Search non-government e-marketplaces
 
Because of these gaps, searching non-government e-marketplaces is an excellent way to fill the gap.  Many private e-marketplaces are more commercially oriented and easier to search and navigate than some government sites.  They also often do the work for you in collecting bids from all levels of government.  In addition, you can often sign up (as you can on many government websites) to receive notices and alerts for bids in your industry.  In Australia, a website called TenderLink (http://www.tenderlink.com/) advertises tenders from all levels of government and is an excellent resource for finding government bids in Australia.  In many cases, these websites charge a fee to access the government bid and download them.  For example, in the US, FindRFP (http://www.findrfp.com/) and Bid Sync (http://www.bidsync.com/) both advertise government bids and charge membership or transaction fees.  However, there are websites that advertise government bids that do not charge a fee.  For example, RFPdb (http://www.rfpdb.com/) in the US does not charge a registration fee, but works on a ‘credit’ system – credits are awarded each time you post a RFP (request for proposal) on the site, and those credits can then be used to access RFPs on the site.
 
6. Search for sub-contracting opportunities
 
In addition to searching e-marketplaces for prime-contracts with government agencies, also remember to search e-marketplaces for sub-contracting or partnering opportunities for government contracts.  Many businesses need to sub-contract a portion of the job.  E-marketplaces often present sub-contracting opportunities.  In the US, for example, ARRA stimulus sub-contract opportunities can be identified on a government website - http://web.sba.gov/subnet/search/index.cfm.  Sub-contracting or teaming may be a great way for you to start doing business with the government, learn the intricacies of government contracting and build relationships with government purchasing agents, without having the full responsibility of being the prime contractor.

Tell us your views

I turn now to some questions for you.  

  • Have you found any particular e-marketplaces (government or non-government) useful in finding government bids or public procurement opportunities?  
  • If so, are there any features or functions of those sites that are particularly useful (or not useful)?  
Please let us have your views.  Your feedback and suggestions can help e-marketplaces make their services better for YOU.  

Sabra Easterday.  Copyright © 2010.  All rights reserved.
About the Author:  Sabra Easterday is the founder and managing member of MatchB2B, LLC (www.matchb2b.net ) – the global bidding platform for services.  Sabra is also a lawyer with a special interest in business issues and e-marketplaces.  Disclaimer:  Notwithstanding that Sabra Easterday is a lawyer, nothing in this article and no services of MatchB2B or its website are legal services and no attorney-client relationship exists between any reader of this article or user, customer or potential customer of MatchB2B, and MatchB2B or Sabra Easterday.  If you wish to seek any legal advice or services, please seek the advice of your own independent lawyer.

Sabra Easterday

Comments

Dr Jay Bal

22. February 2010

We have been publishing Goverment and commercial tender opportunities for over 5 years on www.wmccm.co.uk our emarketplace for SMEs. The issues we have found are
1. reading through the text of the tender to decide if you can tackle it or not, is time consuming.
2. Public tenders are usually require a broader range of capability than SMEs can provide on their own, how can we quickly and reliably create partnerships to address the opportunity?
3. Because Public tenders HAVE to be listed, how many of the published tenders are actually genuine opportunities, and not already pre-allocated? Quite a few I suggest.

Please add your comment

Notify me of follow-up comments via email.
Please enter the text from the image Please enter the text from the image (*)

Other Strategic Issues

03. Mar 2010

Mandatory Information

19. Jan 2010

Emarketplace trade and international payment method

Peter Saint

05. Jan 2010

Verification techniques and fraud prevention: testimonials and experiences

Peter Saint

15. Dec 2009

Emarketplaces and the issue of fraud – awareness through education

Peter Saint

01. Dec 2009

Company authentication within e-marketplaces – basic verification techniques

Peter Saint

19. Nov 2009

Trust in a B to B e-marketplace - A new buyer’s perspective

Peter Cowan

15. Jul 2009

E-business Canada

Josie Brocca, Industry Canada

19. Feb 2008

In search of market niches

Raúl Sánchez Costa, ICEX

31. Jan 2008

Lower prices, but more opportunities

Raúl Sánchez Costa, ICEX

18. Dec 2007

Engaging e-mail marketing

Bjørn Borg Kjølseth, Innovation Norway

23. Nov 2007

Ask what you can do

Bjørn Borg Kjølseth, Innovation Norway

19. Nov 2007

E-business in Ireland

Karen Hynes, Enterprise Ireland

10. Aug 2007

Netherlands - E-business Report

Annette Kreisel, EVD

30. Jul 2007

Electronic markets in the logistics and transport sector

14. Jun 2007

E-mail marketing and picture blocking

Bjørn Borg Kjølseth, Innovation Norway

30. May 2007

Approaches to e-commerce

Edwin Kuller, Austrade

25. May 2007

Electronic commerce in the pharmaceutical industry

Rosa Mª Riesco Sastre, ICEX

20. May 2007

A successful e-business activity requires a lot of effort

Pär G. Hallström, Swedish Trade Council

16. May 2007

The advantages of process integration

Mário Morais, Icep Portugal

11. May 2007

Clicks make bricks

15. Apr 2007

Search Engine marketing for exporters

Karen Hynes, Enterprise Ireland

01. Apr 2007

E-business pushes new products for Dutch packager

03. Mar 2007

E- marketplaces in the aviation/airline industry

08. Jan 2007

E-business in Portugal

05. Jan 2007

Selling to international customers

01. Jan 2007

More competitive, more efficient

05. Oct 2006

Serving the fine food market

29. Sep 2006

Human trafficking

28. Sep 2006

A useful window

21. Sep 2006

Keeping track

14. Sep 2006

Textile Industry report

01. Sep 2006

Information and Contacts

04. Jul 2006

Utilising e-business and operating online

25. Jun 2006

Integrated and Effective

29. May 2006

eCRM - Getting closer to customers

22. May 2006

The global mining industry

15. May 2006

Maximum advantage from diverse electronic markets

11. May 2006

We expanded our market

04. May 2006

E-marketplace enabled us to export our products

25. Apr 2006

Transportation & Logistic - Industry Report

05. Apr 2006

Barriers to effective e-business

26. Mar 2006

What do small suppliers really think?

20. Mar 2006

E-business in Norway

13. Mar 2006

E-marketplace still fulfilling the needs

01. Feb 2006

Quality in - Quality out

13. Jan 2006

Telecommunications - Industry Report

10. Jan 2006

Bridge building an important part of a portal

06. Jan 2006

Australian not-for-profit organisations benefits

30. Dec 2005

Wine – B2B trading on e-marketplaces

23. Dec 2005

Can you hear my Voipe?

20. Dec 2005

Benefits and barriers on B2B e-marketplaces

15. Dec 2005

Blogs

09. Dec 2005

E-marketplaces in the Electronics Industry

02. Dec 2005

The sports shoes market in the new EU member state

25. Nov 2005

E-marketplaces improve business environment

18. Nov 2005

Faster updates = Better Bargains

04. Nov 2005

eBusiness helps to find new business partners

28. Oct 2005

E-business Marketing

21. Oct 2005

Lithuanian IT Company boosts export

30. Sep 2005

If you trust an e-market, you continue to use it!

26. Sep 2005

E-marketplaces for the Government & Public Sector

19. Sep 2005

Let the Search Engines find you

18. Sep 2005

Manufacturers of E-marketplace Solutions

12. Sep 2005

Security and Certification Systems

01. Sep 2005

E-marketplaces in the Health sector

25. Aug 2005

Doing E-Business

18. Aug 2005

The Sensis 2005 E-business report

15. Aug 2005

Codes of Conduct

15. Aug 2005

Creating new business in Europe

10. Aug 2005

A relevant service in a fast-changing world

05. Aug 2005

Liability

01. Aug 2005

Food and Beverage - e-Marketplaces

25. Jul 2005

When you cannot be close...

22. Jul 2005

E-Promotion

15. Jul 2005

Micro-business on an island

04. Jul 2005

E-Government

27. Jun 2005

Standards for E-Business

20. Jun 2005

Trust Barriers for B2B e-Marketplaces

10. Jun 2005

Payment Systems

10. Jun 2005

E-Sourcing

20. May 2005

E-marketplaces in the Construction industry

19. May 2005

Waste for Sale! Re-using a valuable resource

11. May 2005

E-marketplaces in the Paper and Cardboard Industry

05. May 2005

Evolution of e-marketplaces

12. Apr 2005

Digital Signatures

07. Apr 2005

E-marketplaces in the Energy and Fuels sector

14. Mar 2005

Reverse Auctions

04. Mar 2005

Money is not enough

28. Jan 2005

E-marketplaces in the Retail & Consumer Goods Indu

24. Jan 2005

Swedish bank saves on administration costs

26. Nov 2004

An extremely efficient business dimension

18. Nov 2004

E-marketplaces in the Automotive Industry

15. Nov 2004

Dispute Resolution

15. Nov 2004

Taxes and Duties

21. Oct 2004

Spanish iron and steel company expands

20. Oct 2004

A Proposal Which Led to an Unexpected Win!

20. Oct 2004

Diffusion of e-marketplaces in Slovenia

15. Oct 2004

Data Protection

10. Sep 2004

Jurisdiction

08. Sep 2004

Noble and ancient wines meet modern trading tools

31. Aug 2004

MSA Australia gets enabled for e-Business

31. Aug 2004

E-marketplaces in the Plastic Industry

01. Aug 2004

E-marketplace Development

16. Jul 2004

Public e-procurement via E-marketplaces

16. Jun 2004

The Development of Electronic Commerce in Russia

10. Jun 2004

Philips: household and consumer electronics

05. May 2004

Multiple Industry E-markets: a useful complement

05. May 2004

E-marketplaces for fishery products

04. May 2004

E-marketplaces in the Biotech Industry

06. Apr 2004

Sweet e-business?

01. Mar 2004

Efficient-Sea is the name of the game

29. Feb 2004

Italian fashion on the web

27. Feb 2004

E-marketplaces in the Metals sector

20. Jan 2004

E-marketplaces are not a short-term solution

19. Jan 2004

E-marketplaces in the ICT Sector

01. Jan 2004

The customers are driving the e-business now

05. Dec 2003

Expanding business via e-marketplaces

03. Dec 2003

E-marketplaces in the Textile and Leather Sector

14. Nov 2003

Large Spanish Companies Get Comfortable With B2B

03. Nov 2003

Naples goes North!

01. Nov 2003

Norwegian e-Marketplace in the Offshore industry

01. Oct 2003

E-marketplaces in the Energy Sector

30. Jun 2003

Portuguese Government looks for savings

03. Apr 2003

E-Business within New Zealand

31. Mar 2003

Public eProcurement in Norway

28. Mar 2003

Germany's Industry & Government Take to e-Markets

28. Mar 2003

Growing internationalisation

27. Mar 2003

The Neterhlands tops EU in Purchasing and Selling