A Step-by-step Guide to Get Federal Contracts

 

Though the entire story of federal contracting involves selling products or services to the federal government , the reality is not that easy as it sounds. Instead it’s more of a tricky proposition. True that the federal contracts are essentially aimed to financially bolster the disadvantaged or veteran business folks, it’s not the only criteria to win these contracts. Several considerations come into play at this phase, and most importantly , you need a proper plan before you get into federal contracting.

Get the Paperwork Done

The first and foremost step of the federal contracting paperwork is to get your business register with the federal government. Every step taken after this will go back to being properly registered. Get a DUNS number and accordingly, get yourself enrolled with the Central Contractor Registration (CCR). Obviously, there are a number of other paperwork, but these are the prime elements to get your business ready to acquire federal contracts. It’s a bit time consuming, but once you get the things in place, the entire process becomes quite a breeze.

Look for Contracted Opportunities

Your business won’t survive unless you start looking for contracted opportunities. If you are a newbie in the field of federal contracting start out from the site of FedBizOpps at fbo.gov. FedBizOpps. This is where all US federal civil government purchases  list their requirement. The federal government put up about $25,000 for bidding. The amount is quite big and a golden opportunity for any business looking for federal contracting.

Alongside, you can also look for contracts at the General Service Administration (GSA). The GSA is in charge of procurement for the US civil government. GSA Schedules are pre-negotiated contracts with vendors that government purchasing personnel can purchase from without having to go through a bidding process. No doubt, this place offers a great opportunity to the customers to get into federal contracting.

Know Your Clients

While you get into federal contracting, the US government becomes your buyer. But, as a business, it’s your responsibility to know the needs and preferences of your buyers in and out. If your buyer belongs to the different departments and agencies of the federal government, chances are they will be having their own unique choices. Get to know these thoroughly, before you are up for bidding. Keep in mind that if you do not position yourself well, you will be losing out potential contracts. Simultaneously, do participate in the small business fairs and conferences, so that it becomes easy to reach out to the right people.

The Takeaway

The federal government has a lot to offer, though it totally rests on you whether you are able to position yourself well. Federal contracts are lucrative and offer you a sustainable profit source for an extended period of time.

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