Uploaded April 2026 | Updated September 2026, 2 weeks ago
π Schedule your own Zoom: gcexperts.com/zoom
Summary:
Vaughn and Brooke are exploring federal government contracting for the first time. In this nearly hour-long conversation, Sean breaks down the fundamental differences between private and federal contracting β starting with why federal contracts are public information and what that means for accountability. He walks them through the proof page on gcexperts.com showing over $420 million in verified federal awards from his clients, explains the Federal Prompt Payment Act (and the 98% billing trick), dispels myths about who can bid and win federal contracts, and explains why felony records, minority status, and years in business don't work the way most people think. This is one of the most comprehensive introductory calls on the channel.
Key Takeaways:
- The only requirement to be awarded a federal contract is SAM registration β that's it
- Anyone anywhere can bid a federal contract, but only SAM-registered companies can be awarded one
- Federal contracts are public information β you can verify every dollar on usaspending.gov
- The Federal Prompt Payment Act guarantees payment within 14 days on partial invoices
- The 98% billing strategy: bill 98% at completion to get paid in 14 days instead of 30
- How to handle subcontractors who want money up front β using bonds and material accounts
- A felony doesn't disqualify you β the company needs a clean record, not the individual
- MNDBE set-asides aren't what they used to be β 97% of contracts are open competition
- Insurance requirements for federal work are typically the same G&L you already carry
βΈ»
DISCLAIMER: The strategies, regulations, and figures discussed in this video reflect Sean Reitmeyer's personal experience in federal contracting and are shared for informational and educational purposes only. This is not legal, financial, or business advice. Individual results vary. Viewers who have not completed the GC Experts training program are missing context that is essential to correctly applying these concepts. Nothing in this video creates a coaching, advisory, or contractual relationship. Consult qualified legal, financial, and business professionals before making any business decisions.
π Schedule your own Zoom: gcexperts.com/zoom
Summary:
Vaughn and Brooke are exploring federal government contracting for the first time. In this nearly hour-long conversation, Sean breaks down the fundamental differences between private and federal contracting β starting with why federal contracts are public information and what that means for accountability. He walks them through the proof page on gcexperts.com showing over $420 million in verified federal awards from his clients, explains the Federal Prompt Payment Act (and the 98% billing trick), dispels myths about who can bid and win federal contracts, and explains why felony records, minority status, and years in business don't work the way most people think. This is one of the most comprehensive introductory calls on the channel.
Key Takeaways:
- The only requirement to be awarded a federal contract is SAM registration β that's it
- Anyone anywhere can bid a federal contract, but only SAM-registered companies can be awarded one
- Federal contracts are public information β you can verify every dollar on usaspending.gov
- The Federal Prompt Payment Act guarantees payment within 14 days on partial invoices
- The 98% billing strategy: bill 98% at completion to get paid in 14 days instead of 30
- How to handle subcontractors who want money up front β using bonds and material accounts
- A felony doesn't disqualify you β the company needs a clean record, not the individual
- MNDBE set-asides aren't what they used to be β 97% of contracts are open competition
- Insurance requirements for federal work are typically the same G&L you already carry
βΈ»
DISCLAIMER: The strategies, regulations, and figures discussed in this video reflect Sean Reitmeyer's personal experience in federal contracting and are shared for informational and educational purposes only. This is not legal, financial, or business advice. Individual results vary. Viewers who have not completed the GC Experts training program are missing context that is essential to correctly applying these concepts. Nothing in this video creates a coaching, advisory, or contractual relationship. Consult qualified legal, financial, and business professionals before making any business decisions.
