Use the free tool + my free pricing calculator to help you with your government…
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TL;DR
Learn how to use a free government tool to determine fair pricing for your services and avoid common pricing pitfalls in government contracting.
Chapters
- 0:00Introduction to Pricing Tool01
- 0:15Navigating the Price Intelligence Suite02
- 0:30Understanding Labor Ceiling Rates03
- 0:45Analyzing Competitor Pricing04
- 1:00Importance of Reasonable Pricing05
- 1:30Using the Free Pricing Calculator06
- 2:00Conclusion and Call to Action07
Transcript
Did that the government has a free tool that shows you exactly what they pay for your services? Yep. And here is the crazy part. It's the same tool that they are going to use to decide if your prices are too high. So if you are guessing on what to charge the government that stops now and let me show you. First you go to this website then click price intelligence suite and
show you. First you go to this website then click price intelligence suite and then click our labor ceiling rates. Then you can search by a labor category. I'm using project management. You can even filter by education level. And now you can see the full labor rates are displayed. Now here's the part that nobody tells you. You see this? You can now click on a specific company
nobody tells you. You see this? You can now click on a specific company including a competitor and get the rates as well. And this is all legal, all public, in all for free. And here's a description of their project management labor category. And look at this. Here is all of their pricing broken down by labor
category. So if you are ever stuck on pricing make sure you go to buy.gsa.gov forward slash pricing. Pricing used to be the thing that I could never really figure out. Especially when you're new to government contracting. Pricing can feel like a bit of a trap. You price too low, you win the work, but you lose money, you
like a bit of a trap. You price too low, you win the work, but you lose money, you price too high, and then you'll never win anything at all. And here's the thing I really want you to understand. This tool really exists so that the government buyer can check to make sure your prices are reasonable. So when you are doing pricing and you're using this free tool you already know what the
doing pricing and you're using this free tool you already know what the government buyer is looking at as well. So now you don't have to bid and price blindly. This is a complete game-changer. Okay so real quick so that nobody comes for me in the comments. So the price that you see here, think of them
for me in the comments. So the price that you see here, think of them as your starting point and not the exact pricing in the exact answer for every single job. The numbers you're going to see in this tool is the highest a company can charge the government. So it doesn't represent the pricing
company can charge the government. So it doesn't represent the pricing that they gave for a specific RFP. Just keep that in mind. But if you're trying to stop guessing, this free tool is a good place to start. I also have a free pricing calculator and you can use the labor rates that you use from the free
pricing calculator and you can use the labor rates that you use from the free government tool. Plug that information into my calculator and add in things like G&A, insurance, taxes, and any other pricing that you think you may need. So if you are interested in my free pricing calculator type price in the comment and
if you are interested in my free pricing calculator type price in the comment and I will send it over to you. Save this video for later or share it with someone who did not know about this and let me know if this helps. Bye!
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