$1.2 Trillion in Funding Up For Grabs, Don’t Miss Out!
Guidelines and project information was recently released for the Infrastructure Investment and Jobs Act, commonly referred to as the Bipartisan Infrastructure Law. With $1.2 trillion in funding being given to local communities, contractors will soon have the opportunity to bid on the more than 100 different programs for which funding was allocated.
Technology Compliance Required to Bid
Here are some must-haves if you are considering participation in Government Infrastructure Projects:
- Up-to-date data security and cybersecurity measures in place
- The ability to collect, store, and report on information in real-time
- A platform that offers the ability to scale new and emerging technologies into construction practices, providing open collaboration capabilities across all project stakeholders (as well as transparency for governing bodies)
- Workflows that ensure consistent compliance with payroll, prevailing wages, health, safety, environmental, and other regulations
- Flexibility and scalability to meet equipment, materials and supply chain needs, including a renewed emphasis on buying American-made goods
Get In on the Action
Many contractors are trying to determine what they need to know in order to bid and win government contracts tied to the new Infrastructure Bill as funding flows into cities and communities across the nation. Here are some tips to get you started:
- Familiarizing yourself with what’s included in the Infrastructure Bill will help you to understand what types of projects you will want to look out for—and of course, if they align to the specific products or construction services you offer.
- Be poised to take action. The first place to start is by registering your business on the System for Award Management (SAM) database, where you can create a profile making it easier for government procurement officers to find your business. Then, get on the pre-approved bidder list on the General Services Administration (GSA). Securing a contract with the GSA is also called “getting onto the GSA Schedule,” which means you’ve been approved to do business with the government.
This is a great time to re-evaluate the role of technology in your construction firm and we can help! Reach out to a member of the BMT team for a complimentary 30-minute technology evaluation.
