PARS is Predictive and Prescriptive Most experts, freelancers, and small business owners have no idea what it takes to become a government contractor. As a whole, government contracting is a market that slips by unnoticed by many small business owners. But the government spends hundreds of billions of dollars every single year buying products and services from individuals just like you, and companies just like yours. Positioning your business to make a successful transition into government contracting is more about your past success, your company's culture, your abilities, and your behaviors, than it is about red tape and certifications. That's why we created PARS. PARS is an algorithm that uses your company's past performance, its current performance, and its resources as predictors of future performance. That means when you take the free PARS Assessment, the program will be able to match you with subcontracts from prime government contractors that you are best-suited to perform. If you want to move your business into government contracting, PARS will help determine just how ready you are, and show you the areas where you are strong and the areas you need to strengthen internally or find a teaming partner to fortify.
PARS™ (Performance Assessment Rating System) is our proprietary scoring tool that uses a “mock” environment and predictive metrics to rate the performance of small, minority-owned, women-owned, and veteran-owned businesses. To get rated, just complete the PARS Assessment. Your answers are plugged into the rating tool and used as evaluation factors to assess your comany's past performance and assess whether your company is ready to move into work with prime contractors to fulfill government contracts.
PARS rates your business in three core areas: 1. Technical capability - How well you do what you do 2. Teaming suitability - The value you offer 3. Government suitability - How well equipped you are for government contracts PARS is a tiering system that will rate your business from Tier 1 to Tier 4 using key evaluation factors. We use these evaluation factors to connect you with prime government contractors that would be a good fit for your skill set, capabilities, teaming suitability and government suitablility.
Each business analyzed and rated with PARS gets an Overall Performance rating, but you don't just get that one important number. PARS also generates a series of scores in more than a dozen different categories that primes contractors, agencies, and organizations can analyze to determine which companies would make good teaming partners, and which are best-suited for subcontracting work.
If your small business has challenges that keep it from rating well in PARS, don't worry. You will have another chance. If you want to improve your score, just book a strategy call. A member of our team will walk you through your scores and give you a 90-day Corrective Action Plan (CAP) that will refer you to to a performance-rated subject matter expert who will help you strengthen your business where it's weak.
CONTRACTS AND GRANTS, LLC
For more than 20 years, Linda Chatmon and the Contracts and Grants, LLC team have offered procurement, staff augmentation, and business development services to organizations.
We are federal acquisitions experts, and have secured more than $12.2 billion in contracts and grants negotiations and awards.
PARS provides us with the ability to match companies that are a good fit.
We focus on:
PERFORMANCE ASSESSMENT RATING SYSTEM
PARS™ is our performance assessment rating system that uses a “mock” environment and predetermined metrics to rate the performance of small, minority-, women-, and veteran-owned businesses.
Companies complete an assessment, the answers of which are used as evaluation factors to assess businesses in four key areas:
1. Business performance
2. Teaming capabilities
3. Government suitability
4. Business strength
PARS is a tiering system that rates small business from Tier 1 to Tier 4 using a variety of key evaluation factors to help prime contractors determine the capabilities of potential teaming partners and subcontractors.
If your small business has challenges that keep you from rating well in PARS you can get rated again after 90 days. We provide a 90-day Corrective Action Plan (CAP) that will refer you to performance-rated subject matter experts to help strengthen your business where it's weak.
TEAMING EXCHANGE NETWORK (OPENING SOON)
PARS-rated small businesses are eligible to join the Teaming Exchange Network (TEN), an online marketplace that matches prime contractors with vetted small businesses that are capable of fulfilling small business participation program criteria.
Prime contractors use the TEN marketplace to search for teaming partners and subcontractors using a variety of criteria including location, skill set, government clearance, and performance rating.
Government contractors and their selected small business partners can leverage TEN's secure virtual environment for doing business. Primes who use the TEN marketplace can take advantage of our matchmaking services to find the companies that would be the best fit for fulfilling different aspects of government contracts.
TEN has an unpublished, closed bidding system, which means you will only be competing with other PARS-rated small businesses on TEN for subcontracts. When prime contractors post opportunities, they have the option to add filters and restrictions to ensure that when you receive an invitation to bid, it is for an opportunity you are suited to fulfill.
The Performance Assessment Rating System is monitored and managed by PayDirt Analytics, a strategic analytics company dedicated to helping companies find a path to success through data and computational understanding.
© 2018 CONTRACTS AND GRANTS, LLC