The Mentor-Protégé (MP) program is a great program for small or disadvantaged businesses just starting out in government contracting or for businesses that need a helping hand when it comes to growing their government contracting practice. The Mentor-Protégé program may work with any business size, including other than small (mid-sized) businesses. The Small Business Administration (SBA) developed two of the most well-known MP programs: the All Small Mentor-Protégé Program and the 8(a) Small Business Mentor-Protégé Program.
In the world of government contracting, rules and regulations are everything. Just as contractors have to follow procurements laws, agencies do as well. If agencies do not follow the rules, contractors could file a bid protest against them through the Government Accountability Office (GAO).
Do you know what the real benefits of being on the GSA Schedule are? Learn the top 10 reasons (and advantages) why you should consider it.
The North American Industry Classification System (NAICS) classifies businesses into over 700 different industrial categories or codes. For government contractors, it’s crucial to understand these codes and effectively leverage them to win government business. What are NAICS codes? Developed by the Office of Management and Budget (OMB), NAICS is a classification system used by government agencies to collect, analyze and publish statistical data on the United States business economy. OMB developed this system with statistical agencies in the United States, Canada and Mexico to create common industry standards for statistical data presentation and analysis. The federal procurement sector uses the code to classify industries.
Networking with government buyers and other contractors can drive business success in 2018. Now is a great time to take a NEW approach to networking beyond the usual tactics. So, how do you capture the attention of decision makers in more innovative ways? Networking channels and tactics have changed as agencies now reach out to the private sector for help driving their missions. Last week’s HHS hackathon addressing the opoid crisis with data is just one example.
Government contracting is fiercely competitive today. Often, what drives your chance of capturing a win includes having a competitively-priced, unique or timely offering, or being small-business certified. One important factor in any win is whether your company is the contract incumbent, having already done business with the agency. Traditionally, being the incumbent gives you a competitive edge though the market is changing. New research on winners and losers Grant Thornton’s (GT) 2016 Government Contractor Survey collected and analyzed data from companies who primarily do business with the federal government during Fiscal Year 2016. For six years, this survey has shed light on how companies compete for contracts.