Government contracts are an excellent way for veterans to continue serving their country while also supporting their business. Here are some tactics to increase your chances of winning such contracts.
1. Register with the System for Award Management (SAM)
The first step is to register your business with the SAM. This online database is used by the government to find eligible contractors. Ensure your veteran status is updated as it can provide an advantage.
2. Explore Veterans First Contracting Program
The Department of Veterans Affairs (VA) operates the Veterans First Contracting Program. This initiative prioritizes veteran-owned businesses in all VA procurement and contracting. You need to be verified by the VA's Center for Verification and Evaluation to qualify.
3. Use the GSA Schedule
The General Services Administration (GSA) Schedule is an indefinite delivery/indefinite quantity (IDIQ) contract. It's used by federal agencies to purchase goods and services. GSA contracts can streamline the process, as they've been pre-negotiated.
4. Utilize SDVOSB Set-Asides
The Small Business Administration (SBA) has set-asides for Service-Disabled Veteran-Owned Small Businesses (SDVOSB). If your business qualifies, you can compete for contracts where only businesses with the SDVOSB status can bid.
5. Network Regularly
Attend networking events targeted at government contractors. This allows you to learn from others' experiences, get tips and potentially partner with other businesses for larger contracts.
Government contracts can be a lucrative and stable source of income for veterans. By utilizing these strategies, you can increase your chances of securing them. Remember, the process can be challenging and full of red tape, but the potential benefits are considerable.
Note: Always stay updated on government contracting regulations and requirements as these can change over time.