Why Go for Government Contracts? Part 2

A female head of a security firm, can thrive despite being in a male dominated field. In government contracting, on the other hand, a woman-owned firm can actually be an advantage. This is where knowing your NAICS codes makes a difference.

NAICS, or the North American Industry Classification System, is a standard used by Federal agencies in classifying businesses according to the industries they are in. Federal contracting systems rely heavily on NAICS codes. Most Federal agencies list their procurement needs according to NAICS codes. Without knowing your NAICS you may miss opportunities. (Go here to identify your NAICS codes.)

Set asides are another reason it’s so important to know all the NAICS codes that your business can fit into. If you can claim a NAICS code that qualifies your business for woman-owned small business or other set-asides, it opens up additional government contracting opportunities.

Yes, our government has money and we could be vendors!

If you have not certified your business which will enable you to

get these contracts, you can get it done on September 17th, 2011

http://wrightplacetv.com/business-certification-workshop

Why Go for Government Contracts? Part 1

Why go for government contracts?

Government procurement in the United States is based on many of the same principles as commercial contracting, but is subject to special laws and regulation as described below.

Federal Procurement Reports provide contract data that may be used for geographical, market, and socio-economic analysis, as well as for measuring and assessing the impact of acquisition policy and management improvements.^[1] In Fiscal Year 2010, the top five departments by dollars obligated were the Department of Defense ($365.9 bn), Department of Energy ($25.7 bn), Health and Human Services ($19.0 bn), General Services Administration ($17.6 bn), and NASA ($16.0 bn).^[2] The Top 100 Contractors Report for Fiscal Year 2009 lists contracts totalling $294.6 billion, the top five comprising aerospace and defense contractors Lockheed Martin ($38.5 bn), Boeing ($22.0 bn), Northrop Grumman ($19.7 bn), General Dynamics ($16.4 bn), and Raytheon ($16.1 bn).^[3] In the same period, small business contracts totalled $96.8 billion.^[4]

Yes, our government has money and we could be vendors!

If you  have not certified your business which will enable you to

get these contracts, you can get it done on September 17th, 2011

http://wrightplacetv.com/business-certification-workshop/