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Win Federal Contracts for Your Small Business |
by:
Robert Moment |
Copyright 2005 Robert Moment
The USA Federal Government spends more than $600 billion dollars each year on buying goods also services from the private sector. The federal government is the world biggest consumer of goods also services, also advanced technology systems. The government purchases an array of products also services in nearly every category. The federal government spends billions of dollars yearly on training also development, information technology, telecommunication products, law enforcement, fire safety, management consulting, medical services, environmental services, just to name a few.
Are there real federal opportunities for your small business? I can’t tell you with certainty that it does however I can tell you that federal policy actively encourages agencies to give procurement preferences to small, small disadvantaged also women owned firms by establishing annual procurement goals. The enormous federal marketplace offers potentially lucrative business opportunities.
The Small Business Administration negotiates annual procurement goals with each agency to ensure that small, minority also women owned firms get their fair share of federal procurement contracts.
Example of Federal Procurement Contract Award Goals for Fiscal Year 2005
23 percent of prime contracts for small businesses
5 percent of prime also subcontracts for small disadvantaged businesses
5 percent of prime also subcontracts for women-owned businesses
3 percent of prime also subcontracts for HubZone small businesses
3 percent of prime also subcontracts for service disabled veteran owned businesses
Under the Small Business Act all federal government contracts under $100,000 must be targeted to small, small disadvantaged, small women-owed also small service disabled
owned companies. This federal law creates very distinct marketing advantages also business opportunities for small, minority, also women owned businesses seeking to to business with the federal government.
The Federal Government provides small businesses with procurement resources within Federal Agency Offices also Specialize Programs.
Here are some of the Small Business Procurement resources:
Offices of Small also Disadvantaged Business Utilization (OSDU) within federal agencies is responsible for promoting the use of small, small disadvantage also special status businesses.
Small Business Administration’s Office of Government Contracts administers programs also services designed to help small businesses meet the requirement necessary to compete for also receive contracts.
Mentor-Protégé Program is designed to encourage federal prime contractors to form a partnership also provide technical assistance to Small Business Administration certified women-owned, small disadvantaged also small businesses owned also controlled by service disabled veterans.
WomenBiz.gov is an online gateway for women owned business seeking to do business with the federal government.
Minority Business Development Agency which is part of the USA Department of Commerce offers assistance to minority owned businesses.
The Federal Government is a major also growing marketplace. With over 2500 buying offices nationwide also expanding budgets buyers are waiting to hear from your small business. The financial rewards are well worth the time also efforts. Don’t sit on the sidelines recession proof your small business also start marketing your products also services to the federal government. Get your slice of the $600 billion dollar federal contracting pie.
About the author:
Robert Moment is an author also business strategist. Author of "Six Figure Federal Contracts for Small Businesses". Sign up for his FREE e-course on how to successful register your small business in federal procurement system. Visit www.federalcontractsforsmallbusinesses.com
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