If you own a business in today’s unstable commercial-based economy, it only makes sense that you take full advantage of the opportunity to get a share of the steady work opportunities offered by the government.
According to statistics, our government spends – roughly – about $600 billion annually on contract work. Nearly a fourth of this amount is directly extended to small businesses throughout the United States.
Becoming a government contractor is a promising and highly profitable endeavor. In this guide, you will learn a few steps that will help you achieve success on all of your contract projects with the government.
Step #1: Obtain Your SAM Registration
To even be considered for a project through the government as a contractor, you must first obtain a SAM Registration. You may complete this special registration at no charge; however, you will need to hire a registration firm to ensure complete and accurate completion. This typically requires a small fee.
It is small in comparison to the amount of time that it would take you to do it on your own. This would require learning the Federal Acquisition Regulation (FAR) and completely memorizing the changes brought forth by the government each and every single year. It is far less complicated and time-consuming to hire a registration firm to complete this step.
Step #2: Create a Profile on the Dynamic Small Business Search (DSBS) with the SBA
Your business is likely already registered with the Small Business Administration. If you want to land and complete government contracting jobs, you must also create a profile on the administration’s website for the Dynamic Small Business Search (DSBS) database.
This is one of the top resources that government contracting officers use to search for and obtain the talent that they need for their projects.
Step #3: Obtain Government Contractor Insurance
Despite how odd it sounds, it is possible to obtain more government contracting jobs and achieve higher levels of success on your projects if you get Government Contractor Insurance. Why? Because, it gives you and the government confidence in your ability to do the work and protects you while you are working.
This insurance also offers protection for the vehicles that you use during the course of your work, the breakdown of any equipment that you, and a load of other coverages. Government contract officers that know businesses that covered with this insurance also know that those businesses are more serious and committed to their work.
Ready to Succeed?
You have just been introduced to 3 steps that will help you achieve success in getting government contractor jobs and completing your projects. These steps help to brand you and the business that you represent.
They put you at the top of the list – in terms of preference – when it comes to being chosen by the government. These steps help to establish your reputation in the industry and will land you more projects than you ever dreamed possible. For more information on the government contractor insurance in New York, you may contact us today: 718-855-1836