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Aarihant Aaryan

Stealth • 5m

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 :)

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