Some of the most important things to know about when it comes to government contracting are the Federal Acquisition Regulations, commonly referred to as the FAR. Why, you may ask?
It’s simple: because the FAR are the rules that all federal agencies have to follow when they purchase ... Views: 719
As mentioned in the previous post, the most effective way to market to the government is by knowing where your product/service is needed. The Small Business Administration (SBA) has broken the country into ten different regions. There is at least one SBA office in every state which provides ... Views: 1096
The Small Business Administration (SBA) recently created a new program called the American Recovery Capital (ARC) in order to help struggling businesses during these hard economic times. These loans are not designed for start-up businesses, but those that have been in operation for at least ... Views: 679
Veteran Owned Businesses are businesses that are owned by veterans and are another type of government classification for businesses. This certification is one of the most beneficial and is usually preferred more often than Woman or Minority owned. In addition, there isn’t only a Veteran Owned ... Views: 1079
As mentioned in our previous post, set-aside programs are designed and intended to help disadvantaged businesses get a leg up in the government contracting arena and to make the bidding process more competitive. There are several programs that the Small Business Administration (SBA) has created ... Views: 812
Given the title, I probably have everyone’s attention right now. Late payments are a bane of any contractor – the killer of cash flow and worse. Many laugh at the thought of the government paying anyone on time, but I promise you, there are laws set in place so that Uncle Sam can’t delay or ... Views: 1000
The term HUB-Zone is thrown around a lot in government contracting. Many contracts include restrictions that limits bidding to businesses located within a these zones. If you are new to the game, it is easy not to know if the area your business is located in qualifies as a HUB-Zone or even if ... Views: 1110
There are several things business owners need to know when joining the contracting circle. As we mentioned last week, contract bundling is a big one that many don’t know about, and this week’s topic is no different. Lucky for us regular folk, the government doesn’t create wacky acronyms for ... Views: 687
Among all the concerns small business owners have with government contracting, contract bundling rarely ever comes up in conversation. Part of the issue is that many business owners are only exposed to the negative stereotypes and don’t actually know about many of the real obstacles their ... Views: 1177
Many businesses offer financial incentives to their employees in order to reward hard work, promote quality craftsmanship, or compensate superb ideas; the government is no different when paying a contractor. It isn’t corrupt to give bonuses to businesses that deserve it. I’m not talking about ... Views: 923
When I mention the Stimulus package, many small business owners aren’t thrilled. Consider the number of Tea Parties held throughout the US this past month; not many people are excited about how much the government is spending. While Uncle Sam is spending money, there are benefits that small ... Views: 666
Not too long ago, my first thought when I thought about the government “going green” was of Uncle Sam and the Jolly Green Giant making some clandestine agreement in a field. Aside from that comical picture, there wasn’t really much that I knew about how environmental friendly the US government ... Views: 897
It appears that nothing is sacred; if there is an opportunity to make money, certain people will take it. Some people, however, have already taken advantage of the stimulus package and are targeting failing small businesses. By making claims that they will be earning a chunk of the stimulus ... Views: 947
Contracting with the government has just gotten a little more interesting. The US Small Business Administration increased the limit on surety bonds for small business contractors from $2 million to $5 million. That extra $3 million means that more small business contractors are going to be able ... Views: 713
With any administration, there will always be a group of people that feel discontent or a certain animosity towards those in power. Especially with the complete make-over that the Federal Government has recently endured, now more than ever, people are expressing their opinions on the state of ... Views: 695
Government contracting can be a lucrative source of income for any small business, especially given the state today’s economy and markets.
Getting a government contract can be quite a triumph for any business, but for a small business, it can be the accomplishment that allows the owners the ... Views: 624