Does My Small Business Qualify for Government Contracts?
Your small business must meet specific qualifications to be approved to bid on or win government contracts. Most companies with 500 employees or fewer and under $7.5 million in assets will qualify as small businesses.
However, certain companies in the cybersecurity and information technology industries can make up to $30 million and still be considered small businesses.
First things first, you are required to register with the SAM and receive your CAGE code. Once you’ve done that, the federal government is prepared to accept an entity.
When your small business is accepted and receives a CAGE code, you are on your way to selling to the federal government. Remember, your company must remain compliant with the standards on the agreed-upon contract.
There is always healthy competition when it comes to specific government contracts, so marketing is essential.
If your company is not correctly registered or not sufficiently marketing products to buyers, your small business will suffer and not take advantage of all that federal spending.
Contact GSE Today
As we speak, government purchasers are evaluating their options and looking to award contracts for 2021. To make sure your small business is prepared, you need help.
GSE provides a dedicated team that is experienced in government spending from local agencies to the federal level. If you need to get a SAM registration in place or want to optimize your proposals for contracts, we can help your small business every step of the way.