Why Go for Government Contracts? Part 3

 

The government is pushing its relatively new Women Owned Business set aside program, which is designed to increase the number of government contracts women-owned businesses secure. In the past, they’ve fallen short of the 5% goal of the $400+ billion in contracts awarded each year to female-owned companies. Economically disadvantaged women-owned businesses are heavily encouraged to apply.  

Where the Government Spends Money

While many forecasts are that the government will be spending less, and with fewer contractors in the near future, one close-to-untapped resource may be the Simplified Acquisition Process. In 2010, the government spent $11 billion through Simplified Acquisitions, $6.2 billion of which went to small businesses. SAPs tend to hire and pay out faster, which is a boon in an industry known for slow decision-making and payouts. It’s worth looking into if you’re already qualified to bid on government contracts. 

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 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/