federal contracts

Federal contracts are agreements between private companies and the U.S. government, where the government purchases goods or services to support its operations. These contracts specify the work, costs, timelines, and terms for delivering products or services. They are a way for government agencies to acquire everything from defense equipment to consulting services efficiently. Companies bid for these contracts through a competitive process, and once awarded, they must meet the contractual requirements. Overall, federal contracts connect private businesses with the government to fulfill public needs while adhering to established rules and regulations.