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Why are preferred vendor lists so important?

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Why are preferred vendor lists so important?

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Almost every large business, including prime contractors, have an Approved/Preferred Vendor List, or something very similar, that lists the vendors and subcontractors that have been approved by the prime for quality, on-time delivery, and other factors. Many small businesses work very hard to get on these lists. And you should, as well, because being on the list means that you have passed the test that allows you to sell your products or services to that particular prime contractor.

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