Federal contracting has long had a reputation for being a significant source of income for motivated businesses. However, inexperienced small business owners often underestimate the significant time and resource investment necessary to succeed. While there are many tools and strategies that can be effective in helping small businesses succeed, it can be difficult for a new vendor to wrap their head around the complicated regulations and tools they must use to win contracts. US Federal Contractor Registration's Simplified Acquisition Program has compiled a set of vital strategies necessary for firms new to doing business with the federal government.
The very first thing businesses should do is evaluate their readiness for federal procurement and the government's needs for their products or services. There are several resources that should be utilized in researching where your business fits in the federal market, including the Federal Procurement Data System (FPDS), FebBizOpps (FBO), USASpending.gov, and Dynamic Small Business Search (DSBS).
The next step is completing and filing all required registrations, as well as those that are optional but can give you a vital edge. You may already be aware that you need a DUNS number and will need to complete System for Award Management registration, or SAM, but there may be other registrations you're less aware of that can help you win contract awards. If your business is considered small by the SBA, don't forget to register in the DSBS, as this is where many contracting officers look for small businesses to award contracts to. Also, depending on your company's demographics, there may be other registrations you should complete, such as VetBiz.
Finally, you will need to develop an aggressive marketing strategy in order to win contracts. Do not only seek out upcoming opportunities - it is vital that you network with purchasing officers and make them aware of your business's offerings. Many vendors skip this step or underestimate its importance, which results in wasted time, money and resources instead of contract awards.
By taking advantage of these strategies and simplified acquisition procedures described in FAR Part 13, US Federal Contractor Registration has introduced the Simplified Acquisition Program. The program combines proven strategies with expert training and has generated millions of dollars in contract awards for small businesses new to federal contracting.
US Federal Contractor Registration provides business owners with all of the necessary materials to start winning these available simplified acquisition contracts. With the government spending over $400 billion every year, there are countless government contracts that can be won utilizing a US Federal Contractor Registration Simplified Acquisition Program.
The very first thing businesses should do is evaluate their readiness for federal procurement and the government's needs for their products or services. There are several resources that should be utilized in researching where your business fits in the federal market, including the Federal Procurement Data System (FPDS), FebBizOpps (FBO), USASpending.gov, and Dynamic Small Business Search (DSBS).
The next step is completing and filing all required registrations, as well as those that are optional but can give you a vital edge. You may already be aware that you need a DUNS number and will need to complete System for Award Management registration, or SAM, but there may be other registrations you're less aware of that can help you win contract awards. If your business is considered small by the SBA, don't forget to register in the DSBS, as this is where many contracting officers look for small businesses to award contracts to. Also, depending on your company's demographics, there may be other registrations you should complete, such as VetBiz.
Finally, you will need to develop an aggressive marketing strategy in order to win contracts. Do not only seek out upcoming opportunities - it is vital that you network with purchasing officers and make them aware of your business's offerings. Many vendors skip this step or underestimate its importance, which results in wasted time, money and resources instead of contract awards.
By taking advantage of these strategies and simplified acquisition procedures described in FAR Part 13, US Federal Contractor Registration has introduced the Simplified Acquisition Program. The program combines proven strategies with expert training and has generated millions of dollars in contract awards for small businesses new to federal contracting.
US Federal Contractor Registration provides business owners with all of the necessary materials to start winning these available simplified acquisition contracts. With the government spending over $400 billion every year, there are countless government contracts that can be won utilizing a US Federal Contractor Registration Simplified Acquisition Program.
About the Author:
US Federal Contractor Registration provides System for Award Management registration assistance, contract support and premier marketing services to small businesses nationwide. Contact the Contractor Helpline today for more information about how the Simplified Acquisition Program can help your business succeed in the federal marketplace!
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