With the government shutdown safety behind us government contractors gear back up for new contracts and awards. There are currently 28,600 available solicitations up for bid on FedBizOpps (FBO). These solicitations are placed on FBO for registered government contractors to bid on. The government has a strict policy that only allows properly registered government contractors to submit their bids to win these contracts. Over the last 5 years, the federal government has spent around $540 billion each year towards federal government contracts, according to data on the USA Spending website.
Federal regulations throughout the years have helped to increase participation in federal contracting by small businesses and underrepresented demographics. Currently, the federal government’s small business prime contracting goal is set at 23% of all contracting dollars. This amount also includes set aside contracts for Women-Owned Small Businesses (WOSB), Service-Disabled Veteran-Owned Small Businesses (SDVOSB), and Historically Underutilized Business Zones (HUBZones).
In order for businesses to participate in government contracting, federal acquisition regulations require that they first register in the System for Award Management, or SAM. This database of federal contractors replaced the now defunct Central Contractor Registration and Online Representations and Certifications Application systems in July of 2012. Users who were previously registered with CCR and ORCA must migrate their registration to SAM in order to remain eligible for federal contract and grant awards; businesses new to government contracting must complete their new registration with SAM.
Every vendor’s SAM registration must be complete and accurate in order to be valid. Missing or incorrect information can lead to problems and delays when competing for contracts. A single typo in SAM can be the difference between success and failure. Unfortunately, SAM registration is like many other government systems – complicated and time consuming. Between learning how to complete registration and the actual registration process itself, it can take weeks before a new contractor is even eligible to place their first bid.
For a limited time, US Federal Contractor Registration is offering a free evaluation and review of vendors’ SAM registration. The evaluation includes a complete audit of the vendor’s registration, checking for missing or incorrect information. A Placement Specialist will also analyze whether the registration is fully optimized to help them win government contracts. To request the evaluation, businesses may call the Contractor Helpline at (877) 252-2700 ext 1. During the evaluation, Placement Specialists can also develop a government contracting profitability assessment for the vendor. This report is designed to help contractors identify current contracting trends and future opportunities within their industry.