ABCs of Finance
Women-Owned Businesses and Government
ContractsA large number of the self-employed and
micro-business owners today are women. In recognition of this
fact the Federal Acquisition Streamlining Act of 1994 set a
government wide goal of participation by small businesses owned
and controlled by women of not less than 5% of the total of all
prime contracts and subcontracts issued by the U.S. government
each fiscal year. This Act does not set aside contracts to be
issued only to women but motivates government agencies to
utilize qualified Women-Owned Small Businesses (WOSB).
To take advantage of this situation, women must enter the
contracting process and make their products and services known
and available to those within the government who make the
procurement decisions.
There are some excellent sources of information about this
process established by the
Small Business
Administration. There are mentoring programs that encourage
larger government contractors to assist new or small businesses
understand the process and achieve contracting success with the
government or as a subcontractor to a larger government
contractor.
To be a successful government contractor, remember that the
government is a customer. Evaluate the customer’s needs and how
your unique product, service or knowledge can fulfill your
customer’s need. To let government procurers know about your
business, you should register with three primary databases.
These databases can be accessed through the women’s business
website at
www.womenbiz.gov .
This website is sponsored by the Small Business Administration
and is a wealth of information. The three databases that you
should file an application with are PRO-Net, Central Contractor
Registration (CCR) and Fedbizopps.gov. The PRO-Net has an
on-line application that is easy and quick and will make your
business available for contracting with numerous government
departments. The CCR has an on-line application and will make
your information available to the Department of Defense.
Fedbizopps.gov will allow you to register to receive via e-mail
all of the procurement proposal announcements being issued by a
large number of government agencies.
You may wonder if you must be certified as a women-owned small
business. Since the 5% goal is not a contract set-aside, you are
allowed to self-certify for almost all contracts. To be able to
self-certify, your company must be more than 50% owned by one or
more women owners and controlled by women. For certain large
prime contracts, you may be required to have third party
certification of your status as women owned small business.
There are many contracts open to WOSBs in government purchasing.
A lot of information has been made available on-line by the SBA
to simplify the application process. All women need to do is get
going. Your slice of the pie is waiting.
.
Back
to ABCs Of Finance Main Page
|
 |