With over 135 federal agencies in existence, the government has tremendous purchasing power in the federal marketplace. Some agencies may be purchasing your products and services in bulk, and some maybe not so much. It’s up to you to ensure that you’re doing your part in conducting market research to identify potential buyers in agencies. Thankfully, GSA has some tools to help you conduct market research. SAM.gov’s Data Bank tool helps you focus your marketing efforts and understand federal purchasing trends.

With government spending on a steady incline year over year, increasing your company’s footprint in the public sector with a GSA Schedule and other government contracts can help to grow your business’ revenue—but how do you actually invoice and receive payment from these agencies? In the private sector, it can be relatively straightforward in most cases, where the seller will specify the invoicing and payment schedule, and the buyer will (normally) oblige the established schedule for payment. However, in the government market, payment functions differently. Government buyers will reserve payment for something until it’s received.

One of the requirements GSA Schedule contractors tend to worry about the most is the minimum sales requirement. Under this requirement, contractors must generate $25,000 in sales within the first 2 years, and $25,000 every year thereafter. This can seem like an intimidating number, especially for some smaller businesses that aren’t used to reporting $1 million in commercial sales each quarter. So, what can you do to stay on top of this and successfully meet the minimum sales requirement? One thing to do is study spending trends and identify the top government customers. Which government agency is spending the most through government contracts, and what are they spending it on? Here’s what you need to know.

Successfully qualifying government opportunities for your organizations pipeline is a vital step in becoming a successful government contractor. Like many things in life, the qualification stage in the government contracting process requires due diligence on your part to ensure that you can meet all of the stated requirements.

Working with the General Services Administration (GSA) can be difficult. Many times, the information contractors need is already out there in the universe, released by GSA, but the trick is knowing where to find it. One of our specialties as GSA Schedule consultants is pinpointing the right resources for our clients and helping them learn how to use those tools. One of the most underutilized GSA tools is the Contract-Awarded Labor Category, or CALC, tool. The CALC tool is valuable to contractors by helping with market research, particularly for labor categories offered to GSA. Let’s dive in to understand more about the GSA CALC tool.

The Information Technology (IT) field is one of the largest and most competitive fields in federal contracting. Because of this, there are many contractors to compete with and consequently, a need to differentiate your business from others to be more successful in the federal marketplace. To do this, a savvy contractor needs to know the unique practices of GSA Schedule marketing.