So, you are one of the small businesses that just won a Prime contractor position on a major IDIQ contract. Congratulations! It was a lot of work, worry and risk. You are now in the drivers seat with the potential for a great deal of business. So, how do you go about translating the opportunity into revenue and profits? And, how do you now play the game as a Prime and compete along with other leading companies in the space? An important part will be your ability to operationalize the process of managing and responding to Task Orders. This article explains how CorasWorks can help you succeed.
Our IDIQ Task Order Management Solution
Recently, we introduced version 2.1 of our commercial-off-the-shelf (COTS) IDIQ Task Order Management solution for Federal Government Contractors (see the launch press release CorasWorks Announces New Version of IDIQ Task Order Management Solution on SharePoint ). Over the last year this solution has become a market leader amongst the Top 100 Federal Contractors. It is a comprehensive solution that operationalizes the full life cycle of managing Task Orders including the important activity of engaging Teaming Partners.
With version 2.1 of this solution we have made it more flexible and able to be configured to meet the different needs of Small Business Prime contractors such as yourself. In addition, we introduced a new pricing model that enables smaller businesses to start on an annual, per user term basis. This makes it far more affordable for smaller organizations.
Now, with this solution, as a Small Business IDIQ Prime you can now get going quickly with an industry leading way of working that is appropriate for your business and affordable. To learn more about the solution and features see the overview article Overview of CorasWorks IDIQ Task Order Management v2.1
The CorasWorks IDIQ solution is a great place to start. The solution runs on Microsoft SharePoint. So, once it is in place you will have a SharePoint environment, the CorasWorks Work Management platform, and, your IDIQ solution. You can then leverage this work environment to add additional value.
Let’s say you are using the IDIQ solution for your major Prime contract. You can add modules to be used to manage the work that you do as a subcontractor to other Primes. The work as a subcontractor is slightly different. But, it is just a “flavor” of your IDIQ solution that you can create by just reusing what you now have and tweak it to the new scenario.
This leads to an important point about CorasWorks software. Our solutions leverage our Work Management platform, first introduced in 2003 and now in version 11. It is the market leading platform for configurable business solutions on SharePoint. This means that it is very easy to customize your solutions and enhance and extend them. This is done using the CorasWorks Configuration Wizards and is so easy that empowered business users are usually the ones to get it done. This ability is important for a Small Business as it enables you to continue to make changes and innovate on your own without the cost or dependency of leaning on CorasWorks or any one else.
You can go further. For instance, you can just layer on the COTS CorasWorks Capture and Proposal Management (CnP) solution. Since you will have already invested in SharePoint and the CorasWorks platform, you only have the incremental cost for the solution. This solution will provide you with a way to manage the full life cycle of opportunities through the Capture and Proposal Development process. It also includes a feature for Opportunity Management, which may be enough so that you don’t have to invest in a separate CRM solution at this time. For more information on this solution see the overview article of CnP v2.1 and read a case study of a $30m Small Business graduate.
Of course, by design our IDIQ solution and our Capture and Proposal Management solution are integrated so that you can share elements. Examples are shared Proposal Asset Libraries, the ability to see, contribute, and act on your work across the different solutions, and enabling Partners to engage with you on both IDIQs and RFPs. You can also get reports and manage all of your Business Development activities across these solutions.
How about after you win a Task Order? With CorasWorks, you can also set up Customer sites where your customers can go and access your IDIQ CDRL reports and interact with you – a common requirement of major IDIQs. You can also spin up the COTS CorasWorks Project and Portfolio Management (PPM) solution to actually manage the delivery work on Task Orders. This easy to use and pre-integrated solution becomes part of your integrated work environment.
CorasWorks for Small Businesses
We have been serving small businesses since our founding 10 years ago. Small businesses represent about 1/3rd of our 1,000 customers. A core value proposition for small businesses is that they are able to buy or build multiple applications that run within a single CorasWorks-SharePoint work environment and are natively integrated. This reduces complexity and cost and increases your ability to control your destiny. And, with our new solutions and pricing for Small Business Federal Contractors you can now quickly add these COTS solutions and compete at the level of other leading players in the industry.
You have a great opportunity. We look forward to helping you reap the rewards…