Even though it can be very beneficial, breaking into the federal market can require significant effort. Although a large number of new vendors register everyday to connect with the federal government, the majority of them struggle and several ultimately never achieve success. Precisely what is it that separates the successful vendors from all the failures? Their secret could possibly be the Simplified Acquisition Program.
Federal Acquisition Recommendations mandate that Simplified Acquisition rules concern contracts between $2,500 and $150,000 in size, however some industries may allow such rules for contracts as high as $6.5 million. The Simplified Acquisition Program is based upon these contracting regulations.
Simplified Acquisition contracts aren\’t simply a boon to small ventures – they can also help substantial businesses generate significant revenue through contract awards. Simplified Acquisition contracts also help set-asides improve their prospects in the federal marketplace, including disadvantaged, women-owned, veteran-owned, HUBZone, and service-disabled veteran-owned small business concerns.
Contractors in the Simplified Acquisition Program are highly encouraged to find and phone federal procurement officers directly – this is in fact a vital part of the program! This assists businesses in learning about upcoming contracts before they are even released, in addition make vital networking contacts. Most purchasing officers won\’t advertise contracts under $25,000 on FedBizOpps (FBO) so the only way to learn about these opportunities is to develop a relationship with that particular buyer. Payment options for these types of contracts also vary, ranging from SMART Pay Cards to even cash. Blank purchase agreements and miscellaneous purchase agreements are also used in simplified acquisition contracts. This is generally not permitted within the normal contracting process since larger contracts must be reported on the Federal Awardee Performance and Integrity Information System (FAPIIS).
US Federal Contractor Registration has helped generate millions of dollars in additional revenue for small businesses, thanks to their new Simplified Acquisition Program. Participants gain everything they need to find success in federal contracting today, including System for Award Management registration, a seven page website in the standard Federal Government format, branded domain and hosting, web optimization, customized official government profile, monthly email bid notification and contract support.
US Federal Contractor Registration provides business owners with all of the necessary materials to start winning these available simplified acquisition contracts. With the government spending over $400 billion every year, there are countless government contracts that can be won utilizing a US Federal Contractor Registration Simplified Acquisition Program.
Learn additional details concerning US Federal Contractor Registration\’s Simplified Acquisition Program at http://www.simplifiedacquisitionprogram.org/.. Unique version for reprint here: How The Simplified Acquisition Program May Help Your Company Win Contracts Today.