Increased Opportunity for Small Businesses Due to New FAR Amendments
Interested in Government Contracting?
January 18, 2023, Clearwater, FL
The Preventing Organizational Conflicts of Interest in Federal Acquisition Act (P.L.117-324) was signed by the President on December 27, 2022. The FAR Council is required to update Federal Acquisition Regulation (FAR) Subpart 9.5 by June 2024 to include the following:
The FAR Council is Required to update the Federal Acquisition Regulations to:
How Does This Affect Your Business?
The updated FAR amendments represent a significant advance in enabling government procurement agencies to collaborate more successfully with business experts. Additionally, it makes it easier for small enterprises to compete with bigger ones in the government contracting market because they need more awareness or preexisting connections with the agency.
The FAR aims to level the playing field between big and small businesses by increasing openness in the bidding process, giving everyone interested in competing for government contracts a chance to succeed regardless of size or degree of government expertise.
GovExpert is the extensive marketing database from GSE that has all the data a business requires to benefit from open government contracts. GovExpert has all the data required to advertise to government agencies, subcontract, locate partners/competitors, gather market research, and pursue hundreds of bid possibilities.
Regardless of the size of your company, understanding your target market can help you create a business plan that is effective for obtaining government contracts.
Call us today at (866) 850-1710 for a FREE consultation with a Specialist!