Orlando, FL (PRWEB) November 02, 2013
US Federal Contractor Registration is urging businesses to get registered now for contracts being put out for bid in the coming months. FedBizOpps, the federal government’s official gateway for federal procurement opportunities over $25,000, is currently reporting 572 contracts available in the state of Texas. Only businesses properly registered in System for Award Management can bid on these or any other federal contracts.
Contractors in the state of Texas have already raked in over $150 billion during the current fiscal year. Over 270,564 contracts have been awarded throughout the state since October 1st, 2012. Nationwide, the federal government spent over $517 billion during the 2012 fiscal year. The most contracting dollars were spent by the Department of Defense, totaling over $361 billion awarded to small and large businesses during 2012. This amount was nearly five times higher than the contracting dollars spent by NASA and the Departments of Energy, Health and Human Services, and Veterans Affairs combined.
Federal regulations throughout the years have helped to increase participation in federal contracting by small businesses and underrepresented demographics. Currently, the federal government’s small business prime contracting goal is set at 23% of all contracting dollars. This amount also includes set aside contracts for Women-Owned Small Businesses (WOSB), Service-Disabled Veteran-Owned Small Businesses (SDVOSB), and Historically Underutilized Business Zones (HUBZones).
In order for businesses to participate in government contracting, federal acquisition regulations require that they first register in the System for Award Management, or SAM. This database of federal contractors replaced the now defunct Central Contractor Registration and Online Representations and Certifications Application systems in July of 2012. Users who were previously registered with CCR and ORCA must migrate their registration to SAM in order to remain eligible for federal contract and grant awards; businesses new to government contracting must complete their new registration with SAM.
US Federal Contractor Registration is a third party registration firm that has helped thousands of businesses complete their registration and bid on contracts. US Federal Contractor Registration pairs businesses with a dedicated case manager who helps them every step of the way, from initial registration to bidding on contracts. To request a free evaluation and assessment by a Placement Specialist for your business, call the Contractor Helpline at (877) 252-2700 ext 1 or visit our website at https://www.uscontractorregistration.com/.