Agencies Small Businesses Should Consider For Government Contracting

Remember Registration With The SAM Directory Is The Vital First Step SAM stands for System Award Management. To do any business with the federal government, you must register your business in the System for Award Management directory. The government will not hire any type of business (large or small) that has not registered in the… Continue reading Agencies Small Businesses Should Consider For Government Contracting

Why Government Contracting Is Advantageous For Small Businesses

Subcontracting Can Be A Great Opportunity To Get Into Working With The Government We have already discussed how the United States government is one of the most powerful consumers on the planet, and government contracting is a lucrative billion-dollar marketplace. However, it might be wiser to begin as a government subcontractor if you are a… Continue reading Why Government Contracting Is Advantageous For Small Businesses

Why New Businesses Should Consider Government Contracting

The Government Can Really Increase The Standing Of A New Business The government is one of the most powerful consumers in the world. Being a government contractor is a wonderful way for any new business to grow its reputation in the digital marketplace as well as other forms of advertising. It is a fantastic way… Continue reading Why New Businesses Should Consider Government Contracting

Why Small Businesses Should Consider Being Defense Contractors

The Federal Government Offers Great Opportunities For Many Types Of Businesses The government designates a portion of the contracts for women-owned small businesses, small disadvantaged businesses, companies within historically underutilized business zones (HUBZone), and service-disabled, veteran-owned small organizations. This allows underserved groups to have a real chance to get awarded lucrative government contracts. Department Of… Continue reading Why Small Businesses Should Consider Being Defense Contractors

Making Sure You Have The Winning Bid As A Government Contractor

Understanding The Federal Contracting System General Services Administration, also known as GSA, is responsible for acquiring the goods and services needed by federal agencies. As a result, the United States government needs everything and is a super consumer worth 500 billion dollars. The government uses schedules to purchase goods and services. When there is a… Continue reading Making Sure You Have The Winning Bid As A Government Contractor

Understanding How The Government Audits Federal Contractors

Have A Clear Understanding Of The Government’s Accounting Requirements The Financial Accounting Standards Board (FASB) states that contractors must comply with the following to work with the government: Federal Acquisition Regulations (FAR) Cost Accounting Standards FAR agency supplements Understanding Audits Your company should be clear on what the DCAA considers the responsibilities of federal contract… Continue reading Understanding How The Government Audits Federal Contractors

Handy Tools For Small Business Government Contractors

The Federal Government Wants To Help Small Businesses Succeed Unlike other markets, the Federal government wants to ensure that small businesses can receive a substantial chunk of the $500 billion contracting pie. This makes the Federal government one of the most potent consumers of goods and services in the entire world, and they want to… Continue reading Handy Tools For Small Business Government Contractors

The Most Lucrative Government Contracting Trends

The United States Federal Government The United States government buys many products and services from suppliers who meet certain qualifications. It applies standardized procedures to acquire goods and services. The procedures used by the government can be found in the Federal Acquisition Regulation (FAR). The beginning of the decade is a great time for small… Continue reading The Most Lucrative Government Contracting Trends

Important Terms To Know For Government Contracting

The United States Government Is A Very Powerful Client With Deep Pockets The Federal government usually spends around 500 billion dollars a year on goods and services. This makes the U.S. government an extremely attractive client. There are few other organizations with this type of spending power and clout. The government also tends to buy… Continue reading Important Terms To Know For Government Contracting

Common Impediments In Government Contracting For Small Businesses

Keeping Pace Many people think that governments are slow to change. However, as the world becomes more complex, a contractor needs to keep pace with the changing federal marketplace. For example, the government often goes for a “best value” procurement in times of plenty. This means that they are looking to award the contract to… Continue reading Common Impediments In Government Contracting For Small Businesses