How To Get Government Contracts
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Posted By: Freya Sullivan Williams on September 28, 2008 CEOs, it's time to tap into another source of income. Yes, the economy is doing it's own thing, but we still need to get creative and find all possible resources avaialble to us, including government contracts. Go to the Business Matchmaking Website. This site was set up by President Bush to link Small businesses to government contractors. The federal government contracts about $240 billion to private firms each year and 23% or $55 to $60 billion is available to small businesses. (See reference for these numbers at the bottom of the document). http://www.businessmatchmaking.com/online.... Once you go to the Business Matchmaking, you will then be prompted to go to the Central Contractor Registration Database. http://www.CCR.gov You need to register in this database before you are considered for the Business Match Making. CCR has a few requirements: DUNS number, EIN Number, Business Statistical Information and Electronic Funds Transfer (EFT) information. If you haven't done these things, do it today. Let's position ourselves for the slices of the pie and not just the crumbs. One of my deacons at my church has his own business and secure a million dollar construction project with a couple of bases here in Georgia. I know he wouldn't have gotten that contract if he wasn't set up correctly or registered. So that's proof that if we are set up and ready to go, we will be ready when the opportunities come our way. Happy reading and Have a great Sunday! -Freya ********************************************************************************************************** From www.ccr.gov Central Contractor Registration Information. Start New Registration IMPORTANT: Review the following FOUR key items you need before beginning registration. (International Registrants click here.) Related Links D&B Web Form for DUNS Number Request IRS EIN Program Information Needed to Register 1. Data Universal Numbering System (DUNS) Number provided by Dun and Bradstreet(D&B) Click here for more detail. Timeframe: Requesting a DUNS number via the web form takes approximately 24 hours for US addresses. How: Click here to request a DUNS number from D&B. Process: When you enter your DUNS number, CCR retrieves the name and address information along with DUNS of any parent organization from D&B. Questions: Click here to view Frequently Asked Questions on DUNS numbers. 2. Tax Identification Number (TIN) and Taxpayer Name used in Federal tax matters *Not required for non-U.S. registrants* Click here for more detail. A TIN is either an Employer Identification Number (EIN) assigned by the Internal Revenue Service (IRS) or a Social Security Number (SSN) assigned by the Social Security Administration (SSA) if you are registering as a sole proprietor. Timeframe: If you already have a TIN, your CCR registration will take 1-2 business days to clear the TIN Match process. A newly assigned EIN cannot be validated in CCR. According to the IRS, when applying for an EIN over the phone or internet, you will be immediately assigned an EIN, but it may take up to 2-4 weeks before your EIN becomes active. If you apply for an EIN by fax or mail, confirmation from the IRS can take up to 5 weeks. You must wait until you receive the CP-575 notice from the IRS confirming that your EIN is active and valid for use. For questions regarding your EIN, please call 1-800-829-4933. How: Click here to request an EIN from the IRS. Process: CCR will forward IRS the name and TIN you provide and they will confirm that those two items match their records. A match is required in order to complete registration. No other data is exchanged with IRS. If your taxes are filed under another name, you need to use that name for input. Questions: If you have questions on a failed match to your EIN, please contact the IRS at 1-866-255-0654 (Option 4). If you have questions on a failed match to your SSN, please contact the Social Security Administration at 1-800-772-1213. Click here to view Frequently Asked Questions on TIN. 3. Statistical Information about your business Click here for more detail. You will be required to provide the receipts and number of employees on a world-wide basis, which includes all affiliates. Information on your organization's profile location is optional. Organizations that sell or generate electricity, refine petroleum, or that are financial institutions will be required to provide additional data. Location Information (Optional) Average Number of Employees for this location: The average number of persons employed at this location for each pay period over the firm's latest 12 months. Average Annual Receipts for this location: The average receipts for this location over the last three completed fiscal years. World-Wide Organization (Required). This information is passed to SBA in order to calculate your business size using SBA's official size standards for your industry. Average Number of Employees including all affiliates: The average number of persons employed for each pay period over the firm's latest 12 months, including persons employed by the parent organization, all branches, and all affiliates worldwide. Average Annual Receipts including all affiliates: The average receipts over the last three completed fiscal years, including receipts of the parent organization, all branches, and all affiliates worldwide. Organizations that sell or generate electricity, refine petroleum, or that are financial institutions need to provide the following: Sale or generation of electricity (NAICS codes 221111, 221112, 221113, 221119, 221121, 221122): Total megawatt hours for the preceding fiscal year. Refining of petroleum (NAICS code 324110): Number of barrels per calendar day total Operable Atmospheric Crude Oil Distillation capacity. Financial institutions (NAICS codes 522110, 522120, 522130, 522190, 522210, 522293): Average assets as reported on the fourth quarterly financial statements for the preceding year. Assets are defined according to the Federal Financial Institutions Examination Council 034 call report form. 4. Electronic Funds Transfer (EFT) Information for payment of invoices *Not required for non-U.S. registrants* Click here for more detail. ABA Routing Number for your bank Account Number and Type, or Lockbox Number Automated Clearing House (ACH) point of contact Remittance point of contact Accounts Receivable point of contact **NOTE: STEPS 1 AND 2 MAY BE DONE SIMULTANEOUSLY.** Click here to see a full listing and descriptions of all information needed to register. ******************************************************************************************************** Small Business Statistics reference: http://www.usatoday.com/money/smallbusines... Business Matchmaking Website Link: http://www.businessmatchmaking.com/online.... If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Freya Sullivan Williams
Founder/President, The Teknowlogy Factory LLC Claflin University class of 1995 Member Since March 2001 |
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