Starting a PMC depends on really three factors
- Establish an appropriate business structure and obtain capital funding for your PMC prior to bidding on a contract.
At its core a PMC should be treated like any other startup business, in that it needs to be properly structured and capitalized so that it can function properly and shield its owners and employees from liability. I would advise finding legal counsel experienced in forming government contracting businesses to guide you through this process.
2. Staffing your organization with the right human resources.
Given that the market for government contracts is more competitive than ever particularly DOD contracts, it is important to staff a PMC with the most qualified people you can find. From the perspective of bidding on contracts having the best staff on board will position you for success from an operational standpoint this will allow you to deliver services in the most efficient manner possible.
3. Obtaining the appropriate certifications
PMCs will be engaged in work that require a variety of certifications, when finding staff look for individuals that either have the requisite certifications required for the area of government contracts you will be bidding on. An experienced attorney should make this process a breeze.
4. Positioning yourself to win government contracts
The market for government contractors is tough, given budget constraints on government agencies therefore it is important to be able to contain costs, while still protecting your bottom line. Government contractors often employ a CFO or other type of government contract analyst to help prepare bids and project costs and revenue.
offers a variety of startup attorneys focused the in legal issues presenting government contractor startups such as PMCs. Our on-demand legal marketplace will work on your timetable with flexible payment options. Simply: 1) tell us what you need, 2) connect with a lawyer, 3) start your business. Feel free to message me if you have any other questions.
Good luck with your PMC!