Glossary / Business Development, Contracts
Recompete
A recompete is the procurement that replaces an expiring contract. The buyer re-states the requirement, often with changes, and competes it again, sometimes under a different vehicle, a different set-aside or a different contract type. The incumbent competes alongside everyone else. Recompetes are predictable because the expiring contract's dates are public: the period of performance and the options on the award record say when the work returns to the market.
Why it matters to your pipeline
Recompetes are the largest, most predictable source of federal opportunity, and the dates are known years in advance. A challenger that starts eighteen months before the end of the incumbent's final option can learn the requirement, meet the buyer and build a team; one that waits for the solicitation competes against a company with a head start. GovSmith's Search reads the award records and flags the recompetes a client fits, with the incumbent, the value and the expected date.
When this term shows up in an opening GovSmith finds for you, your vCM explains what it means for that pursuit and does whatever it calls for. You decide; we do the work.
Example
A $9M environmental-services contract with a small-business incumbent ends in fourteen months. GovSmith flags it, the vCM confirms with the contracting office that the set-aside will stay, and the client answers the sources-sought notice six months before the solicitation.
Find out what applies to you
Some terms will matter to your business right away and some won’t for years. A vCM can tell you which are which.