The federal budget contains a big chunk dedicated to grants. Whether you're part of a government body, a non-profit organization, or a business, you could get a slice of this pie. All you need is a brilliant idea or solution that benefits our nation, much like what you might have seen on Grants.gov.
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Government contracts don't always work on an open competition basis. Sometimes, there's a clear choice for a contract, and it's here that sole-source contracting comes into play.
The Value of Sole-Source Contracts for You
If your business offers a unique product or service or enjoys a small business set-aside status, you could win sole-source contracts—contracts awarded without competition. There are at least seven scenarios where a contract may be sole-sourced, with some specific to small businesses. Understand these, and you'll find new federal market opportunities and be able to make compelling cases to contracting officers or during bid protests.
Updated as of July 2023, this article provides the most recent and relevant insights into the advantages of being a Veteran-Owned Small Business in federal contracting.
Veteran-Owned Small Businesses (VOSBs) and Service-Disabled Veteran-Owned Small Businesses (SDVOSBs) enjoy unique advantages in the world of federal contracting. Chief among these is the Veteran's First Verification Program, a pathway that offers these businesses preferential treatment.
This article was written in 2020; link to the new article here Decoding Contractor and Government Acronyms for Successful Contracting.
Stumped by having to contact your KO at the EOS regarding an IFB through the SBIR program? Don't fret!
Government contracting is rife with acronyms, unique titles, and specialized language. While it may seem overwhelming, mastering this language can help you read and write more efficiently.
With the U.S. government's operations spanning across the globe, it's no surprise that opportunities for international contracting are vast and varied. Whether you're a U.S.-based firm eager to spread your wings or a global enterprise eyeing the U.S. federal marketplace, the road to international contracting is rich with potential.
A Contractor debriefing is a unique element of government contracting that offer invaluable insights into why your contract bid was accepted or declined. By understanding and leveraging these debriefs, your business stands a greater chance of winning more contracts and boosting profitability.
This article has been updated with the most recent information as of July 2023
Small businesses have a unique edge in federal spending requirements thanks to their size and socioeconomic status. Daily, the government turns to small businesses to redistribute products instead of large manufacturers.
The reason behind this trend is the small business programs contained in Part 19 of the Federal Acquisition Regulations (FAR). It allows individuals to venture into business as sole proprietors, with the role of redistributing products to the government at an acceptable price point. This process is referred to as brokering.
