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2024-10-22T12:33:00.108Z

These projections might be overly optimistic; not all schools can afford AI or VR tech just yet so not only we might have quality equipment to use these tech to full capacity, the fees will also increase

Aarihant Aaryan

Stealth • 4m

If you own a small or mid sized business, Please think 100 times before accepting government contracts and have contingency plans ready 1. Assume that any government contract or plan you receive is only valid for 5 years or less 2. If the administration changes your contract could go berserk and policies could change overnight. what happened to L&T in Hyd is a great example, one policy change of giving free bus access to women disrupted their business 3. Your payments will be most likely delayed by quarters and years 4. you have to pay 1-4% commission on every payment released or certain % on total value of the contract to government officials 5. India is a socialist country, most hate capitalism and most policies are crafted against capitalism - so ideally no one or the govt wouldn't care if your business is going under the drain 6. Sometimes the government can cancel your contract stating the deficit of funds - you and your employees and their families are bearing the loss again :( 7. In govt contracts what is supposed to take weeks will take months, what supposed to take months will take years 8. For the very fact I know, few businesses do markup quotation since it's a govt contract but higher the markup lesser the higher the chances of things going south Ps: Views are my own, I don't support congress, BJP or any state party. I'm a core capitalist, only support businesses and my heart goes out for such struggling businesses :)

4 replies10 likes

Replies (4)

Anonymous 3

Stealth • 4m

Sad how regulations barres so many potential businesses

0 replies1 like

Anonymous 2

Stealth • 4m

The 1-4% commission to officials is sadly a reality. It’s unofficial but very much expected. It adds to the cost and stress of doing business with the government. 😓

0 replies1 like

Anonymous 1

Stealth • 4m

The bureaucracy and red tape can be suffocating. I remember a contract where the approval process itself took over a year, and by the time we started the project, the market conditions had changed significantly.

0 replies1 like

Gokul sai ATTULURI
•

Audisankara College of Engineering and Technology • 4m

Yes, but if offical are your friends then it will be so easy. I have seen people who changes party after winning elections for getting their things done if you can follow these you can get the things done well and you can work with government easily. and also if are working with government take loan using the contract it will help you more.

0 replies1 like

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First platform fee was introduced and now even the government wants a cut. Why should I pay the government if I am already paying taxes on food? Wasooli bhai hai kya ye log? Karnataka govt needs a reality check.

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