Government Contracts are a tremendous financial opportunity for small businesses.
The Federal Government require that a percentage of the contracted procurements be set aside for Small Businesses.
In FY 2019, total US government spending for defense (including
military defense, veterans affairs, and foreign policy) is budgeted to be $951.5
Military spending is budgeted at $688.6
billion, Veterans spending is budgeted at $199.6 billion, and foreign policy and
foreign aid spending is budgeted at $63.3 billion.
President Donald J. Trump signed a $1.3 trillion spending bill on March 23,
2018 that includes a $160 billion boost in defense spending over two years,
reversing years of decline and unpredictable funding.
Small Business Administration (SBA) is proposing to amend its regulations to
implement a statutory requirement to certify Women-Owned Small Business Concerns (WOSB) and
Economically Disadvantaged Women-Owned Small Business Concerns (EDWOSB) participating in the
Women-Owned Small Business Contract Program. Comment period ends July 15th,
What do you have to do to actually sign that first contract with the government?
The Government even provides information that will help you bid.
Just by asking ---- you can find out how much the government bought , who they bought from, and how much they paid.
A company that wants to get started competing for federal government contracts must start with some registration requirements:
Although not a requirement, a certification from the Small Business Administration as a disadvantaged business may be to your
Another step in government contracting is to qualify as a small business under
Small Business Size Standards.
Learning to win Government Contracts with the United States Federal Government is a worthwhile effort that will open the door
to many opportunities for you and your business.
Frequently Asked Questions about Government Contracting.
Armed Services Board of Contract Appeals
Governments fiscal year runs from October 1 of the prior year
through September 30 of the following year.