As part of our focus on NAICS codes this month, our team did a deep dive into the NAICS codes associated with the largest federal IT spending. Given that IT modernization is still a big priority, it’s important to look at those spending trends. Specifically, we’ve reviewed the top five IT NAICS codes from fiscal years 2016 and 17. Why review these codes? One factor driving your sales and marketing success is the ability to find great opportunities for your organization. Knowing what your NAICS Codes are, and how well they do within the government space is the first step. For example, is your main NAICS code rarely associated with government opportunities? Or are there countless opportunities for that code? If it is not associated with good opportunities, you may need to consider other relevant NAICS codes, and start looking for opportunities with those codes instead. The IT industry is a good place to start given the high spending levels in that category.
Having a small business designation can fuel marketing and sales efforts for new federal business opportunities. Every year, the Small Business Administration (SBA) aims for certain percentage goals of budget spending that are designated for small business contracts. So, it’s critical to know if your company is eligible for small business set-aside contracts, but how to be sure? The answer is lies in the North American Industry Classification System (NAICS). Your company’s NAICS codes help determine if you qualify as a small business based on certain size standards. Through the Small Business Act, the SBA established size standards for NAICS codes to help businesses get their designation, and see relevant opportunities for which they qualify. Find out if you are a small business
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.
One of the trickiest areas of compliance for federal government contractors is following the regulations of the McNamara-O’Hara Service Contract Act (SCA) of 1965, for services that are non-professional in nature. FAR Subpart 22.10 was recently updated to call this regulation the Service Contract Labor Standards, however, in practice you will still hear it commonly referred to as the SCA. With this update contractors saw major changes to the wage determinations.The SCA of 1965 was amended to ensure that businesses who worked in the service industry observed minimum wage standards as well as safety and health standards, when doing business with the Federal Government, District of Columbia, Puerto Rico, the Virgin Islands or the Outer Continental Shelf Lands.
As we celebrate Women’s History Month we wanted to take a moment to highlight one of the biggest advantages Women-Owned Small Businesses (WOSBs) and Economically Disadvantaged Women-Owned Small Businesses (EDWOSBs) have in federal government contracting: Sole Sourcing.
WASHINGTON, D.C., May 5, 2016 – Winvale, the leading provider of strategic and technology solutions for government, was named Tech Company of the Year by the Chesapeake Regional Tech Council (CRTC) at the organization’s annual awards celebration on April 28, 2016. Winvale was honored for its achievements in strategic business planning, vision and contributions to the Washington, D.C., regional economy.