Federal contracting is a highly competitive sector. Getting your foot in the door is a whole feat of its own. However, a true indicator of a contractor’s prowess and quality of work is when Uncle Sam chooses to build a working relationship with their business. Such is the case with RTG Building Services Inc. (which has held previous contracts under LP Custodial) winning their rebid on a janitorial contract with the U.S. Army Corps of Engineers. After a 10 year contract, the Army has once again solidified their trust in RTG Building Services Inc. with this recent award.
"What is a small business?"
Depending on who you ask, the answer will vary.
However, if you're looking for the answer that can actually help you make a lot of money and grow your business, then you're going to want Uncle Sam's opinion.
As a government contractor (or prospective one), you’ve probably seen the term “economically
disadvantaged” pop-up here and there. Mainly, you’re going to see it when it pertains to 8(a) Business Development Program and the Economically Disadvantaged Women Owned Small Business (EDWOSB) set-aside. Both of these programs, if you are qualified, can provide you a wide array of opportunities in the federal marketplace.
So in this blog post, we’re going to cover what it means to economically disadvantaged as well as socially disadvantaged
Let’s get to it.
Two Federal Contract Awards in Two Months of Simplified Acquisition Program Enrollment
Verified Vendor Outdoor Systems Management LLC (DUNS #038798665) recently won two federal contracts in late March and early April 2018. On both contracts the company will supply government agencies with industry materials. One of them, through the Bureau of Indian Affairs, requires canal piping. The other requires electric motors to be sent to the Coast Guard. Together the supply contracts are valued at $38,873.
Verified Vendor Leading2Succeeding, LLC had a successful year in 2017 winning two International Trade Commission federal contracts valued at a potential $120,000. Leading2Succeeding, LLC will provide professional consulting services for the government during a possible five-year period of performance.
The U.S. Department of Commerce on December 15, 2015 released the final results of the U.S. Census Bureau’s 2012 Survey of Business Owners (SBO), which found that business ownership in our nation is mirroring our increasingly diverse population. Minority-owned firms in the U.S. rose from 5.8 million in 2007 to 8.0 million in 2012, and employed 7.2 million people in 2012. While the number of minority-owned businesses increased by 2.2 million, the number of non-minority- owned businesses declined by 1.1 million, from 20.1 million in 2007 to 18.9 million in 2012.
Do you know what the terms “set-aside” and “simplified acquisition” means in terms of government contracting? If you don’t, you’re not alone. Many of our clients see these terms in solicitations and ask us to better explain what the terms mean and if their company even qualifies.
SBA has put out several articles about Minority Owned Business and 8a qualifications. The posts make it hard for small business to identify if they are a minority owned business or an 8a business.