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New To Government Contracting? US Federal Contractor Registration Has What You Need! New To Government Contracting? US Federal Contractor Registration Has What You Need! June 7, 2015 | Author: Celeste Osborne | Posted in Business
Government Contracting can provide a steady income stream to small businesses, however it requires specialized skills and knowledge in order to succeed. US Federal Contractor Registration’s Simplified Acquisition Program has been developed to provide all the things vendors need to break into the federal market.
In 2014, contractors raked in over $443 billion dollars from federal contract awards nationwide. Federal contracting is appealing to businesses because of the federal government’s need for a wide range of products and services and steady, reliable payment. Specialized programs for contractors help level the playing field for minorities, women and other demographics who otherwise may be underutilized.
Despite these benefits to federal contracting Le'Raven Clark Jersey , it has a nasty reputation for being difficult and complex. In order to do business with the federal government, businesses must follow the rules and procedures laid out in the FAR (Federal Acquisition Regulations), a nearly 1900 page document of laws governing federal contracting. Just the initial registration required to even be considered for contract eligibility, the System for Award Management, requires weeks of study in order to complete.