Federal Government Small Business Grants can be an exciting opportunity for businesses both medium and small business. The advantage of Federal Market Opportunity is that even in times of economic depression, when everyone is tightening their belts, the government still needs to spend money to keep running.
Just like other government, there are certain prerequisites to become a government contractor. In order to do business with the federal government, you must have a Data Universal Numbering System number and must be registered in Central Contractor Registration (CCR) and Online Representations and Certifications Application (ORCA). The Online Representations and Certifications Application (ORCA) is an e government initiative which requires that a business needs to register if they will be looking for large contracts. ORCA finds it out what representations and certifications a business has that are applicable to the business. Hence in this way, a purchasing officer can check online to see if a vendor is in compliance. It is important that these registrations are completed correctly.
Otherwise the most obvious consequence is that you may miss out on a contract award or Federal Express Job Opportunity if your registration is not completed correctly thoughyou are eligible. It is important be it a sole proprietorship or a multinational corporation, all businesses need to be registered in CCR before to start work with the government. No registration means no contracts.
The General Services Administration (GSA) is another major bureau in the civil government's purchasing process.
The Federal government is the largest purchaser of goods and services in the world. This had made them one of the most bright prospects for business. One of the amazing fact is that The federal government spends $1.4 billion every day, $60 million every hour, $1 million every minuteand $16,700 every second. Only 600,000 businesses had registered to do business with the federal government by 2007 while just 180,000 businesses won any federal government contracts. The Federal Government Budget Process gives number of opprtunities but there are very few who can grab it. Are you one of them?