Government contracts are easily awarded with the help of our professional advisors at Select GCR!
What Are Government Contracts?
Government contracts are written agreements with the Federal government for services or goods specifically for business. These can be at a local, City, State or Federal level. Government contracts are procured by contractors and awarded by purchasing agents, procurement officers, Prime contractors and contracting officers.
The current Government spending program stipulates that 23% of the near 6.7 trillion dollars spent in the private sector must go to small businesses. In 2022, 154.2 Billion dollars were awarded, so the Government CO’s and Primes fulfilled their quota’s.
Government contracting programs are available to small business. There are a portion of contracts that are obligated to go to specific certified groups of small businesses called set-aside contracts. Set-asides are a powerful tool for helping small businesses compete for and win federal contracts. There are many different kinds of set-asides, such as: WOSB, VOSB, HUBZone and 8(a) Minority.
How Do I Find Government Contracts?
The Government posts open solicitations in a number of areas. For Federal contracts businesses can search SAM.gov.This website lists all available contracts that businesses to research and bid on. State contracts are listed on numerous sites and each state has their own where these are posted. Just search for Government contracts with a state and you will find the available options.
Professionals that are familiar with this industry also search for preexisting contracts that are coming up for recompete. When a contract expires, that contract goes up for bid competition again, and a new business can take over that contract. These types of contracts have less competition and there are a ton of advantages when researching these opportunities.
One advantage of Select GCR’s marketing programs is they come with access to our proprietary program called < a href="https://selectgcr.com/government-contracts/select-gcr-pro-tool/">Select GCR Pro. This program is designed to make Government contracting simple for small business owners. It takes all the databases available for Government contracts and contacts, and compiles all the data into one convenient location. Cutting out all of the wasted time searching various websites for open solicitations and allowing you access to the contact information for the contracts that are relevant to your business.
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Let’s Break Down Two Different Types of Government Contracts:
Contracts in the amount of $3500 – $150,000
If a Federal Government purchase has a value between $3500 (micro-purchase threshold) and $150,000 (Simplified Acquisition Threshold or SAT) it is required to be automatically and exclusively set aside for small businesses. Rule of Two states: there must be at least two or more responsible small businesses that are competitive in terms of market price, quality, and delivery for an automatic set-aside to occur. Contract opportunities above the SAT of $150,000 can also be set aside if the Rule of Two is met.
Contracts in the amount of $700,000 – $1.5M
Government contract opportunities between $700,000 to $1.5M are awarded to “Other Than Small Businesses (OTSB’s) who are required to have small business subcontracting plans where it is available. This is great news for small businesses! OSTB contracts provide teaming opportunities for small disadvantaged, HUBZone, veteran-owned, service-disabled veteran-owned, and woman-owned certified small businesses. These certifications are all government contracting programs available to those who qualify.
Government Contract Goals
Specified Annual Contracting Goals for Small Businesses
The Federal Government has specified annual prime contracting goals for designated small businesses. Currently, 23% of all Federal contracting dollars are awarded to small businesses.
In addition, businesses that meet the eligibility criteria that are certified are eligible for additional opportunities:
Women Owned Small Business
Small Disadvantaged Business (8a)
Service-Disabled Veteran Owned Small Business
Set Aside & Sole Source Programs
A set-aside is based partially on the value of the goods and/or services the Government is looking to purchase.
Government contracts can be set-aside for small businesses in the above categories. Additionally, there are sole source development opportunities available under the 8(a) program, and conditional sole source opportunities under the HUBZone, SDVOSB and WOSB programs as well.
Sole source contracts are contracts that only one company can provide the services needed. Qualifying for socio-economic statuses, and by being certified could allow your business to become a sole source supplier.
Select GCR Pro
With So Many Different Government Contracting Programs Available
How Do You Know Which Ones Are Right For Your Business?
This is exactly where Select GCR comes in. Many small businesses attempt to navigate the government contracting and certification process themselves only to become overwhelmed by the intensive and complex process. It’s almost like speaking a foreign language for many. If you’ve never done business with the federal government, it can be flat out discouraging.
Our mission is to guide you through the entire process by:
- Determine your business’s eligibility for government contracting programs
- Process your application ensuring accuracy, timeliness, and approval
- Guide you through the application process, helping to put your best foot forward
- Provide additional marketing services such as a capabilities statement and prepare you for creating and submitting contract proposals
It’s true, all of this can be done on your own. However, our staff has invested 100 years combined in figuring this stuff out. We’ve already made the mistakes that you undoubtedly will. We’ve already invested our money in learning the lessons that only time and experience can teach.
- Save you valuable time to focus on more pertinent things such as gearing up for the business you will receive through government contracts.
- We speak the government’s language and can decipher for you what exactly the contracting officers and agencies are looking for.
- We have in-depth expert experience in all things related to the Government contracting programs and maintain a 98% application acceptance rate, so let us help!
You know your business. We know government contracting.
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