What is the difference between a government contract and a government grant?

Government contracts and government grants are two different things. A government contract is a legal agreement between the government and an individual or organization in which the government agrees to provide money or goods in exchange for specific services, goods, or works. This can include construction, professional services, or research. Government grants are also agreements between the government and an individual or organization, but they do not involve payment in exchange for a service. Grants are often given to encourage economic, scientific, or educational advancement. Grants may be used to fund research, develop new products or services, or build new infrastructures. In Washington, government contracts must be put out to competitive and open bids, and the government must enter into a contract with the successful bidder. This bid process can be complicated and involves strict rules, which are why it is important to seek experienced legal advice if you are considering entering into a government contract. Government grants, on the other hand, often involve easier application processes, but they are not necessarily guaranteed.

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What is the difference between a government contract and a government grant?

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