Are you a prime contractor looking for subs? Not sure that they are in compliance for federal contracting? Then check out the Vendor Management & Compliance Program from US Federal Contractor Registration (USFCR) by watching the video below.
USFCR’s Vendor Management & Compliance Program (VMP) ensures that all of your subcontractors are registered in the System for Award Management (SAM) and compliant.
What exactly does it mean to be SAM compliant?
There are two ways to answer this question.
Small Business Concerns
Small businesses concerns must be registered properly in the System for Award Management (SAM). In addition, if applicable, businesses must be certified properly for the following set-asides:
- Veteran-Owned Small Business (VOSB)
- Service-Disabled Veteran-Owned Small Business (SDVOSB)
- Women-Owned Small Business (WOSB)
- Economically Disadvantaged Women-Owned Small Business (EDWOSB)
- HUBZone Certified Small Business (Historically Underutilized Business Zone)
- 8(a) Certified Small Business (Socially and Economically Disadvantaged Business)
Other Than Small Business Concerns (OSBC)
OSBCs, known in lay terms as large businesses, must be subcontracting to compliant vendors who are also properly certified for set-asides if applicable. When subcontractors are not in compliance, the primes that utilize them are not either.
An improperly managed vendor network can lead to costly fines from failed federal audits.
Who can benefit from The Vendor Management and Compliance Program (VMP)?
Small businesses can make sure that as their networks grow, they are updating their Vendor Management list in the Advanced Procurement Portal (APP). This will help businesses partner and team with compliant vendors.
At an enterprise level, VMP provides OSBCs with an onboarding process for their entire networks. USFCR case managers will make sure that every vendor, subcontractor, branch or subsidiary in the business's network is SAM compliant.
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