Do you worry about how to price your services? Do you wonder if all of your costs are covered?
Growing companies in federal contracting face this question all the time. A wrap rate is like a magic formula – unique to your company – that allows you to price low enough to win the contract and yet high enough to be profitable. It’s a magic formula because it may change with every bid, depending on the type of work you are going after, how competitive the market is, and how badly you want to win. Once you learn how the math works, the next challenge is determining your actual wrap rate, now and in future forecasting.
Target Audience: Businesses pursuing federal contracting opportunities