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Credit Repair InformationWin Federal Contracts for Your Small Business
by:
Robert Moment
Copyright 2005 Henry m. robert Moment
The United States Federal Government spends much than $600 billion dollars each year on purchasing goods and services from the private sector. The federal government is the earth biggest user
of goods and services, and advanced technology systems. The government purchases an array of products and services in nearly every category. The federal government spends billions of dollars yearly on training and development, information technology, telecommunication products, law enforcement, fire safety, management consulting, medical services, environmental services, simply to name a few.
Are there real federal opportunities for your small business? I can’t tell you with certainty that it makes but I can tell you that federal policy actively encourages agencies to give procurance preferences to small, small deprived and women closely-held firms by establishing annual procurance goals. The tremendous federal marketplace offers possibly
moneymaking business opportunities.
The Small Business Administration negotiates annual procurance goals with each agency to ensure that small, minority and women closely-held firms get their fair share of federal procurance contracts.
Example of Federal Procurance Contract Award Goals for Financial Year 2005
23 percentage of prime contracts for small businesses
5 percentage of prime and subcontracts for small deprived businesses
5 percentage of prime and subcontracts for women-owned businesses
3 percentage of prime and subcontracts for HubZone small businesses
3 percentage of prime and subcontracts for service disabled veteran closely-held businesses
Under the Small Business Act all federal government contracts under $100,000 must be targeted to small, small disadvantaged, small women-owed and small service disabled
owned companies. This federal law creates really distinct marketing advantages and business opportunities for small, minority, and women closely-held businesses seeking to to business with the federal government.
The Federal Government provides small businesses with procurance resources inside
Federal Agency Offices and Specialize Programs.
Here are several of the Small Business Procurance resources:
Offices of Small and Deprived Business Utilization (OSDU) inside
federal agencies is responsible for promoting the use of small, small disadvantage and special status businesses.
Small Business Administration’s Office of Government Contracts administers programs and services designed to help small businesses meet the requirement necessary to vie for and obtain contracts.
Mentor-Protégé Program is designed to encourage federal prime contractors to form a partnership and provide technical assistance to Small Business Administration certified women-owned, small deprived and small businesses closely-held and controlled by service disabled veterans.
WomenBiz.gov is an online entrance for women closely-held business seeking to do business with the federal government.
Minority Business Development Agency which is part of the United States Department of Commerce offers assistance to minority closely-held businesses.
The Federal Government is a major and growing marketplace. With over 2500 purchasing offices nationwide and increasing
budgets buyers are waiting to hear from your small business. The fiscal rewards are well worth the time and efforts. Don’t sit on the sidelines recession proof your small business and start marketing your products and services to the federal government. Get your slice of the $600 billion dollar federal catching pie.
Just about the author:
Henry m. robert Moment is an author and business strategist. Author of "Six Numbers Federal Contracts for Small Businesses". Sign up for his FREE e-course on how to booming register your small business in federal procurance system. Visit www.federalcontractsforsmallbusinesses.com
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