If you are a small business owner and operating in the Federal business landscape, you must know about 8a certification. But, if you are new to this field and venturing out opportunities in the federal marketplace, let us tell you that preparing for this certification program is really great. This is sort of a business development program that comes with a plethora of advantages.
8a Business face limited competition
The government already have 5% of set asides for the 8a certification holders. This amount of federal spending is reserved for 8(a) firms which ideally accounts for billion per year in federal contracts. No doubt, such a steady business is definitely useful for small ventures starting out for the first time.
Cuts through Federal Bureaucracy
The SBA is a government agency that acts as a liaison with the 8(a) firm when it comes to conduct government contracts. This benefits firms with 8a certification to reduce of time necessary to achieve its first federal sale. For most 8a firms the SBA will send out letters of introduction which are important in reaching out to th targeted market.
8a firms get Large Contracts
Contracts, thus received are simply great for the small business as they will be covered. This is because 8a firms are allowed to partner with other firms in what is known as a joint venture or mentor protégé arrangement. For the large federal prime contractors this is fine but not for the small businessman.. This helps expand the 8a companies knowledge on how the government works, allows the 8a firm to be awarded contracts they would not otherwise be able to win as well as helping to build the 8a firms federal performance history so that they can win large contacts without the 8a firm needing to partner in the future.
They Get better pricing
8 a firms are likely to get better pricing than their small business counterparts looking for business opportunities in the open market. With high quality business opportunities you are always quite likely to get better pricing if you have 8a certification.
Experience growth of 8a Program
In terms of growth, business with 8a certification can easily grow much beyond than their peers. The Washington Post publishes the fastest 50 each year made up of the fasted growing federal IT contractors working for the federal government. True, that most of the business enjoying federal contracts are 8a Certification holders.
Final Thoughts
You will be surprised to know that this certificate also helps you acquire GSA Schedule Contract in a more hassle free manner. It is already mentioned in the GSA Advantage that business with 8a certification will always get an upper hand over non- certified contractors.
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Advance 8a Joined: December 17th, 2020 Articles Posted: 1
