Author: Dona Basu

Small Businesses Are Given Special Consideration When It Comes To Government Contracts In many markets, small businesses are often outcompeted by larger organizations that often have access to almost unlimited resources. So this set aside might increase a small business’s chances of winning a lucrative bid. The federal government must set aside at least 23… Continue reading Explaining The Differences Between Various Federal Contracts For Small Businesses

What is a Government Grant? A government grant is a financial award given by the federal, state, or local government authority for a worthwhile project. It is a gift that does not include technical assistance or other financial assistance, such as a loan or loan guarantee, an interest rate subsidy, direct appropriation, or revenue sharing.… Continue reading The SAM Connection To Government Grants

What Is Government Contracting? Government contracting is when specific government agencies contract with private companies for particular goods or services. The agencies usually put out a contract or often a request for proposal (RFP), and various companies can place bids for the project. Once an agency selects a particular business, a contract is signed, and… Continue reading When The Government Is Wrong

What Is a subcontractor? A government subcontractor is defined by Federal Acquisition Regulation (FAR) 3.502-1 as: Any person, other than the prime contractor, who offers to furnish or furnishes any supplies, materials, equipment, or services of any kind under a prime contract or a subcontract entered into in connection with such excellent agreement and included… Continue reading Subcontracting You Way To Success With SAM

What is the Sam Directory? SAM stands for System Award Management. In order to do any business with the federal government, you must register your business in the System for Award Management. The government will not hire any type of business large or small that has not registered in the SAM directory. Why does my… Continue reading Small Business Guide To The Sam Directory

Understanding The Marketplace It might at first feel like working for the government is very unpredictable. Contractors can be affected by various factors such as budget cuts, regulatory pressures, change of administration, and stringent accounting rules. However, all marketplaces can be volatile and change rapidly according to the whims of consumers. Therefore, a company needs… Continue reading Overcoming Obstacles In Government Contracting For Small Businesses

Job Security No Longer Exists. Many people think that starting a business is just too risky. However, the workforce no longer offers the security it once did. Companies do not take care of employees for a lifetime and then provide them with a large pension for retirement like they did a generation ago. People are… Continue reading How Becoming A Federal Contractor Can Lead To Economic Stability For Small Businesses

Being an entrepreneur is exciting but also presents its unique challenges. Financing can be a significant obstacle that is often not easy to overcome. However, the more money you have at your disposal, the more options available to make sure your business is on the right path to success. Unfortunately, many companies never properly explore… Continue reading How Female Small Business Owners Can Become Federal Contractors

Where Do You Find Government Contracts For Bidding Search for opportunities at the following SAM.gov. Federal agencies are required to publish all contracts above $25,000 on SAM.gov. This means that there are many contracts advertised there at any given time. Contact a procurement officer for information on contracts below the $25,000 threshold for publishing. Look… Continue reading Small Business Guide To Crafting Successful Bids For Government Contracts

Understanding The Marketplace It might at first feel like working for the government is very unpredictable. Contractors can be affected by a variety of factors such as budget cuts, regulatory pressures, change of administration, and stringent accounting rules. However, all marketplaces can be volatile and change rapidly according to the whims of consumers. A company… Continue reading Areas Where Small Businesses Can Prosper In Federal Contracting