This briefing covers active market intelligence, regulatory guidelines, and tactical capture recommendations for federal and defense contractors pursuing opportunities in this procurement classification.
Bidding on and winning federal contracts can be a great way to expand and grow your small business.
Each year, the government awards hundreds of billions of dollars in federal contracts to businesses to meet the needs of federal agencies and the military. The government’s goal is to award at least 23 percent of those contracts to small businesses.
Check out these three tips from USA.gov to help you perform market research, find helpful resources, and register to become a federal contractor.
Decide If It’s Right for Your Business
Becoming a federal contractor can expand the number of opportunities available to your business and help your company grow. But it also requires a significant amount of time and resources. It’s important to assess your business up front to make sure federal contracting is the right route for you. This includes researching whether there’s a market for your products and services, and if your pricing will be competitive in the federal marketplace.
Working with the government can be complicated and feel confusing or even overwhelming. But the government provides local technical assistance centers, free online courses, and more to answer questions and help you navigate the federal contracting process.
Read more: Want to Become a Federal Government Contractor? Here are 3 Tips
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