Why you should Get a Federal Contract?

Looking for better business funding and new revenue opportunities for your business? Then you should Get a federal contract!

US government is a huge organizational entity that needs to purchase goods and services from private business owners to function effectively.

Even after knowing about the business opportunities with the federal government, many businesses have a multitude of reasons to avoid government contracting — the intimidating process being the number one reason for that.

In this guide, we will tell why you should not ignore the opportunities of doing business with the federal government. Then, we’ll show you how to deal with the SAM registration and get a federal contract.

Reasons Why Should Apply for Contract with Federal Government

If you’re looking to expand your business, government contracts can be your answer. While it does take effort and time to get a government contract and they are well worth the resources.

Here are the top benefits of getting a government contract.

Consistent and Reliable Payment

You can rely on government agencies on receiving consistent and reliable monthly payments. This makes it easier for small businesses to grow as they can manage their expenditure and budget appropriately.

More often, you can expect the payment within 30 days of completing the project for the federal government. You can rely on the revenue each month, as the payment is coming from a trusted source. If you don’t get paid within the terms, you’re likely to receive the interest on the amount as well.

This is however not the case when you work with private companies as there’s no surety of when you will receive the final payment. Working with a federal government reduces the risk of doing work and not getting paid.

Stable Employment

Another perk you have when you get a federal contract is that you will have stable employment for a very long period of time. Some government contracts are for just one year but there are also many contracts are that are for a minimum of three years. You will have the perfect opportunity for a long-term relationship with the government agencies.

If you’re doing a good job and filling the requirements and demands on time, you can expect a renewal of your contract once the signing period is completed.

They’re Easier to Land

Even though the registration process requires an amount of paperwork and is time-consuming, these are easier to get than securing a government position. There are certain set-asides that are reserved and you can qualify for.

These side-asides are generally easier to qualify as you compete with a similar small business than dealing with big organizations. All you have to do is get registered with the SBA and qualify under at least one of these categories:

• Women-Owned Small Business

• Service-Disable-Veteran Owned

• 8(a) Business Development

• Historically Under-Utilized Business Zone

Find More Opportunities

Having a government contract by your side opens the door to so many new opportunities for your business. Potential clients will find you more reliable and they will be more willing to do business with you since you have served government agencies in the past.

Getting a federal contract is a great way to increase your networking potential. You will have relationships with people who can guide you to lucrative opportunities.

How to Find Government Contracts?

Before you can make bids or win a government contract, you need to find them. There are many ways to look and find federal contracts.

Navigate Sam.gov

If you are a small business owner in search of all open opportunities for contracts valued at $25,000 or more, SAM.gov is your go-to government contract website. To get a federal contract, you can even look at the previously awarded contracts to prepare for your future proposals.

Search the Web

You can find subcontracting opportunities at the local level as well. Search for your country/city/state procurement. The registration and submission process might be different for each state.

Contact Agencies Directly

If you know what agency is your business most suited to, you can approach them directly. You can visit SAM.gov or Sub-Net to identify existing procurement needs and interact with the agency directly.

Seek Help of Contract Advisors

To get a federal contract, you can take the help of contracting experts. There are many consulting services out there that supply technical assistance.

Final Words

This was all about why should you get a federal contract for your small business and how you can find them. If you find registering for a federal contract a hard and complicated process, then you can rely on government contract advisors at FGCA.

Their team can help your business get awarded a business contract by guiding you throughout the process and helping you with the SAM registration.