Understanding the financing of federal contracts is vital to your success as a contractor. The federal government only pays for services rendered or products delivered. This means that contractors need to have enough working capital to fulfill the contract and cover business expenses until payment is received.
There are plenty of great reasons for your business to get started in federal contracting. In our first installment of "Why Federal Contracting?" we covered how working with the government can grow your business. In our second installment of "Why Federal Contracting?" we'll go over how federal contracting can help diversify your business.
This article has been reviewed and updated as of June 2022 to ensure accuracy and relevance in the ever-evolving landscape of federal Contracting.
Federal subcontractor reporting is a complex and demanding task. Large companies, otherwise known as Other Than Small Businesses (OTSBs), receiving federal award money are subject to stringent requirements to report on their small-business subcontractors accurately. Ensuring this reporting correctly can be challenging, but alignment with the System for Award Management (SAM) can pave the way to compliance.
There are plenty of great reasons for your business to get started in federal contracting. That's why, in this blog series, we're going to cover them all. So for our first installment of "Why Federal Contracting?" we'll go over how federal contracting can help grow your business.
Figuring out how to price contracts for services and brokering can seem tricky, especially in the complex realms of construction and non-construction industries. One key to solving this puzzle lies in understanding wage determinations. Let's break it down:
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Hi USFCR Blog Subscriber, here's your monthly update from US Federal Contractor Registration (USFCR) of federal contracting information, including webinars, articles, videos, and podcasts. Enjoy!
As part of US Federal Contractor Registration's "Putting America Back to Work" initiative, we are announcing a giveaway of $5 million worth in subscriptions to our Advanced Procurement Portal (APP), USFCR's federal contracting search and management platform. Learn more about this initiative, how APP can help your business, and how to take advantage of this great offer in this blog post.
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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Eric Schrandt, Consulting Manager and GSA Advisor at US Federal Contractor Registration (USFCR), brings over 13 years of sales, management, and consulting experience to his role. Since joining USFCR in 2019, Eric has been dedicated to helping his clients achieve the best outcomes possible and establishing long-lasting, trust-based relationships.
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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.
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.
