Recent Posts
Ever felt stuck trying to win federal contracts? You need the experience to win but to get experience; you need to win contracts. Sounds like a puzzle, right? Don't worry; there's a way out: start with subcontracting.
Subcontracting: Your First Step
Subcontracting is like your first step into the world of federal contracting. It's a hands-on way to learn, meet people in the industry, and start building a track record. Plus, it's a steady income source while setting up your business.
At USFCR, we've walked more than 300,000 businesses through the intricate maze of government contracting. We've boiled down years of expertise into a simple, easy-to-understand guide to help you conquer this field too. Let's focus on three game-changing strategies:
- Identifying the right opportunities
- Building enduring relationships
- Maintaining a competitive edge
What's great is that these strategies are transferable to securing grants too.
Understanding how to price your products or services for government contracts is key to landing lucrative deals. Your price proposal, and a clear breakdown of your costs, is crucial in securing these contracts. Here's what you need to know:
Competitive Pricing Through Market Research
Use market research to understand your competition and set a competitive price for your bid or offer. This data helps ensure your price is attractive to the government and profitable.
You have a unique edge in federal contracting as a Women-Owned Small Business (WOSB) or an Economically-Disadvantaged Women-Owned Small Business (EDWOSB). These certifications can open doors to lucrative contracts by reducing competition and giving you preferred status with federal agencies.
It's no secret that women entrepreneurs have been historically underrepresented. The ED/WOSB program is designed to turn the tide, but the process can be tricky. Once certified, finding the right contracts amidst the flood of daily solicitations can feel like searching for a needle in a haystack.
This article has been thoroughly reviewed and updated as of June 2022 to ensure accuracy and relevance in the ever-evolving landscape of federal subcontractor reporting.
The Rules for Subcontracting on Federal Contracts (FAR 44)
Subcontracting — it's the lifeblood of the government supply chain. With most large contracts requiring a slice of the pie for small businesses, the prime contractor-subcontractor relationship isn't just important; it's vital.
Prime contractor or subcontractor — it doesn't matter which side you're on. What matters is understanding the rules of the game. And these rules? They're etched in the Federal Acquisition Regulation (FAR). Get a handle on these, and you're on the road to compliance.
