Our government acknowledges that working with small businesses not only stimulates the community but also engages in the entrepreneurial spirit that makes the United States a diverse and distinguished country. To help small businesses, and also to reap the benefits of working with them, governments will award certain acquisitions exclusively to Small Business Enterprise (SBE) certified businesses. These are called set-aside contracts and they help small businesses to win more government contracts. You must go through the certification process to be qualified as an SBE. If you qualify, procurement teams are seeking you to respond to these contracts.
Congress Advances Equity and Economic Opportunity
Under the Infrastructure Law, many states and local authorities now have access to the hundreds of billions of dollars that have been approved to spend on rebuilding and maintaining communities in the coming years. To narrow the racial wealth gap, the number of set-aside contracts given to small, disadvantaged businesses will be increased to 15% by 2025. This is a 50% increase from recent spending levels. With this influx of infrastructure opportunities and set-aside contracts, now is a great time to get certified and seek out these government contracts.
Easy to Find Set-Aside Contracts on Bidnet Direct
With a subscription to Bidnet Direct, you will be able to easily filter your search to all SBE set-aside contracts across the United States. There are currently over 2,000 federal set-aside contracts on Bidnet Direct. You can also further your search to minority-owned, disabled-owned, woman-owned and veteran-owned business set-aside contracts. In the last year, there were over 58,000 set-aside contracts on Bidnet Direct.
Here are some of these past bids:
Looking through past closed and awarded solicitations can give you a feel for what you can expect when you’re ready to bid on an opportunity. You’ll be able to see things like the agency that issued the RFP, documents and specifications, and what company was awarded the contract and how much it was awarded for. Gaining this insight can help you better determine how to price your bid to make it more competitive and can give you an idea of what agencies you may be interested in working with in the future.
Updating Your Profile
Along with being able to filter and find set-aside contracts easily on Bidnet Direct, you can also update your organization’s profile to include your business type(s). You can select options like small business, minority owned, women owned, veteran owned and more. There are many times where government agencies are seeking out a certain supplier for a contract, and by adding them to your Bidnet Direct profile, agencies can easily find your business and reach out to you directly if they’re interested in working with you.
Your Certifications Matter
As much as your business is looking for these set-aside contracts, government entities are looking for your business! Your SBE qualification is a great way to help bridge the wealth gap and build the entrepreneurial spirit of America. Start looking for set-aside contracts for your company by clicking here to choose which package is best for you. Please be sure to bookmark our Supplier Resources page so you can keep up with industry news.
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