8(a) Business Development Program
The 8(a) Business Development program was founded to help businesses owned by individuals who have been socially and economically disadvantaged. Small business owners who qualify can enjoy significant benefits, which help grow their business. These include federal contract award set-asides, which lower bid competition, and access to the Mentor-Protégé Program.
8(a) Program Certification Benefits
The federal government’s goal is to award at least five percent of all federal contracting dollars to small disadvantaged businesses each year. The government limits competition for certain federal contracts to businesses in the 8(a) program. Obtaining an 8(a) certification makes your business eligible to compete for the program’s set-aside contracts.
An 8(a) certification lasts 9 years and a business can earn up to $100 million or five times your SBA size limit. As a government contractor with an 8(a) certification, there will be solicitations with the 8(a) designation in which you, along with other 8(a) businesses, will have exclusive bidding rights. At times, you may be the only business bidding on an opportunity.
Federal contracting officers have quotas and are incentivised to meet their set-aside awards. The government’s goal is to award at least 5% of all federal contracting dollars (roughly $25 billion) toward small, disadvantaged businesses.
Benefits for 8(a) certified companies include:
Program Qualifications
To qualify for the 8(a) program, a business must:
Get Registered with GovPath Advisors
We’ve worked with hundreds of businesses to get them properly registered in the federal marketplace. As a business owner, your time, attention, and resources are limited. Mistakes with federal registrations can cause delays and may result in fines. GovPath Advisors saves you time, money, and eliminates non-compliance risk.
The benefits GovPath Advisors’ 8(a) program certification:
Length of Certification
The first is the total amount you can earn from sole-source contracts. As an 8(a) business, you can only earn a total of $100 million or five times your SBA size limit (if it applies to standard given to your NAICS code). The second is how long you can be enrolled in the program.
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