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The government spends about $580 billion a year on contracts, with 23% of that set aside for small businesses. So how can you begin going after these opportunities? This week, we're talking about the three main things you need to do to get started with contracting for the federal government.

 Topics we cover in this episode include:

• How to prepare to start doing government contracting
• Opportunities in government contracting for small businesses
• Getting set up in the system: SAM, NAICS codes, and FAR
• Understanding the different types of contracts and how to win them
• How HUBZone and other SBA certifications can help

LINKS

Links and acronyms referenced in the show:

• SBA.gov
• DUNS Number (Dun & Bradstreet)
• NAICS (North American Classification System)
• SAM (System for Award Management)
• FAR (Federal Acquisition Regulations)
• DSBS (Dynamic Small Business Search)
• GSA (General Services Administration)
• SubNet (Subcontracting Network System)
• Construction Excellence Program
• FPDS (Federal Procurement Data System)
• USASpending.gov
• MATOC (Multiple Award Task Order Contracts)
• IDIQ (Indefinite Delivery, Indefinite Quantity Contracts)
• RFQ (Request for Qualifications)
• 8(a) Program
• HUBZone (Historically Underutilized Business Zone)
• SBA Certification: Economically disadvantaged woman-owned
• SBA Service-Disabled Veteran program

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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
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