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Can you make money as a Government Contractor?

Government Contracting

Federal contracting can be a lucrative business opportunity, but success requires understanding the market, complying with regulations, and delivering high-quality work. Here are some ways contractors can make money:

  1. Competitive Bidding: Winning contracts through competitive bidding processes can lead to profitable projects. Effective proposal writing and competitive pricing are essential.
  2. Long-Term Contracts: Many government contracts are multi-year, providing a steady revenue stream over an extended period.
  3. Repeat Business: Building a good reputation with government agencies can lead to repeat contracts and a reliable source of income.
  4. Niche Specialization: Specializing in a particular field (e.g., cybersecurity, engineering, or medical supplies) can make a contractor more competitive and allow for higher pricing.
  5. Subcontracting: Working as a subcontractor for larger prime contractors can provide steady work and opportunities to gain experience.
  6. Small Business Set-Asides: Participating in set-aside programs for small businesses, women-owned businesses, veteran-owned businesses, and other categories can provide access to exclusive contracting opportunities.
  7. Efficiency and Cost Management: Efficient operations and good cost management can enhance profitability by reducing overhead and maximizing the profit margin.
  8. Innovation and Value: Providing innovative solutions and high-value services can justify higher prices and lead to better profit margins.

While there are significant opportunities, it’s important to note that federal contracting also involves challenges, such as navigating complex regulations, handling administrative burdens, and managing compliance requirements. However, with the right strategy and execution, it can be a profitable venture.

Have More Questions?

A Certified Registration Specialist can answer any questions you may have about Federal Contracting or SAM Registrations by calling the Help Desk at 1-888-646-9998 Mon-Fri 9 am-5pm EST.

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Where can I look up NAICS codes for different industries?

To lookup NAICS Codes for different industries, follow the steps below:

    • At the top of this page, hover over “Tools & Resources”
    • Select “NAICS Code Lookup Tool”
    • Put in a keyword or phrase and select “Find NAICS Code”
    • A list of NAICS Codes based on the keyword or phrase you had input will appear

If you are having trouble finding the NAICS Code or need additional assistance, reach out to the USBRI Help Desk at 1-888-646-9998 and a live specialist will be able to assist you.

USBRI has assisted small businesses with SAM and Small Business Certifications since 2011. A dedicated CRS will be assigned to your company to facilitate the renewal or registration process for  you. If you have additional questions, call the help desk or submit the form down below.

If you are unsure of what your NAICS codes in SAM are or you need to find and update them, use the tools by clicking either button below.

 

Need to Register or Renew?

If you need to update, register, or renew a SAM Registration, begin the process with a CRS today. Click the button below to proceed to the next steps.

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What is the purpose of NAICS codes?

Purpose of NAICS Codes

The North American Industry Classification System (NAICS) is a numeric coding system used by federal agencies to classify businesses for a variety of purposes. In reference to SAM Registrations (as well as Small Business Certifications), a NAICS code is used to identify the type of service your business provides. Additionally, a prime contractor can search you up in the Small Business Database by NAICS code and you will be one of the companies that come up, which would increase the likelihood of being chosen for a federal contract.

USBRI has assisted small businesses with SAM and Small Business Certifications since 2011. A dedicated CRS will be assigned to your company to facilitate the renewal or registration process for  you. If you have additional questions, call the help desk or submit the form down below.

If you are unsure of what your NAICS codes in SAM are or you need to find and update them, use the tools by clicking either button below.

 

Need to Register or Renew?

If you need to update, register, or renew a SAM Registration, begin the process with a CRS today. Click the button below to proceed to the next steps.

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How many digits are in a typical NAICS code?

How Many Digits Are In a Typical NAICS Code?

Typically, a NAICS code will consist of six digits. However, it is possible for a NAICS code to be as little as two digits.

USBRI has assisted small businesses with SAM and Small Business Certifications since 2011. A dedicated CRS will be assigned to your company to facilitate the renewal or registration process for  you. If you have additional questions, call the help desk or submit the form down below.

If you are unsure of what your NAICS codes in SAM are or you need to find and update them, use the tools by clicking either button below.

 

Need to Register or Renew?

If you need to update, register, or renew a SAM Registration, begin the process with a CRS today. Click the button below to proceed to the next steps.

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How do NAICS codes impact business loans and grants?

NAICS Codes and the Impact on Business Loans and Grants

Every company that is looking to bid, win, or obtain federal contracts or grants MUST be registered in the System for Award Management. One of the requirements when doing the registration is filling in what your entity’s primary NAICS code is. The NAICS code is essential for prime contracts so the can easily identify the type of service your business provides. In addition, certain contracts/grants will only be awarded to companies that have a specific NAICS Code.

USBRI has assisted small businesses with SAM and Small Business Certifications since 2011. A dedicated CRS will be assigned to your company to facilitate the renewal or registration process for  you. If you have additional questions, call the help desk or submit the form down below.

If you are unsure of what your NAICS codes in SAM are or you need to find and update them, use the tools by clicking either button below.

 

Need to Register or Renew?

If you need to update, register, or renew a SAM Registration, begin the process with a CRS today. Click the button below to proceed to the next steps.

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Can you explain what NAICS codes are?

What are NAICS Codes?

The NAICS (North American Industry Classification System) code is a two or six-digit numeric code that federal statistical agencies use to classify businesses into industries. They are often used when identifying what a business does in terms of the service provided.

When referring to NAICS codes with SAM Registrations, they are required so prime contracts can be able to find you easily in the Small Business Database (if you qualify).

USBRI has been offering assistance with SAM and Small Business Certifications since 2011. A dedicated CRS will be assigned to your company to facilitate the entire process for you and ensure you are active and compliant in SAM. If you have questions, reach out to the help desk at 1-888-646-9998.

If you are unsure of what your NAICS codes in SAM are or you need to find and update them, use the tools by clicking either button below.

 

Need to Register or Renew?

If you need to update, register, or renew a SAM Registration, begin the process with a CRS today. Click the button below to proceed to the next steps.

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Who is responsible for maintaining and updating NAICS codes?

NAICS Codes: Who Updates and Maintains them?

The Census Bureau is responsible for maintaining and updating NAICS codes. They tend to update it every five years (last time it was updated was in 2022).

If you are unsure of what your NAICS codes in SAM are or you need to find and update them, use the tools by clicking either button below.

 

Need to Register or Renew?

If you need to update, register, or renew a SAM Registration, begin the process with a CRS today. Click the button below to proceed to the next steps.

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Why do businesses have more than one NAICS code?

How Many NAICS Codes Can You Have?

Businesses typically have more than one NAICS code because multiple NAICS codes describe what the type of service you provide. Some companies do more than just one primary service so they will put more than one NAICS code.

USBRI has assisted small businesses with SAM and Small Business Certifications since 2011. A dedicated CRS will facilitate the renewal or registration process for your company with ease and efficiency. If  you have questions or need assistance, reach out to the USBRI Help Desk at 1-888-646-9998.

If you are unsure what your NAICS codes are (that are tied to your SAM Registration) or  you need to search one, select either off the buttons below.

Need to Register or Renew?

If you need to update, register, or renew a SAM Registration, begin the process with a CRS today. Click the button below to proceed to the next steps.

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Does every LLC have a NAICS code?

Does Every LLC Have A NAICS Code

Not every LLC will have a NAICS Code. Only those required by their state or registered in SAM will have a NAICS code.

The NAICS Code Lookup Tool can be used to search up the current NAICS codes that could apply to your business. USBRI has been assisting small businesses with NAICS, SAM Registration, and Small Business Certifications for almost 13 years. Contact the USBRI Help Desk at 1-888-646-9998 and a dedicated CRS will be able to assist you with any inquiries you may have.

Select the NAICS Code Lookup Tool or the SAM Status Check Tool below to find out which NAICS codes are on your registration or apply to your business

 

Need to Register or Renew in SAM?

If your SAM Registration is set to expire in the next 60 days, begin the renewal process NOW. Reach out to the USBRI Help Desk at 1-888-646-9998 and a dedicated CRS will be able to assist you. You can also begin the process now by clicking the button below.

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How to find a company’s NAICS code?

To find a company’s NAICS Codes, follow the steps below:

    • At the top of this page, select “Check UEI Status”
    • After the page loads, select either UEI, CAGE Code, or Full Legal Business Name
      • Legal Business Name must be EXACT or it will not show up
    • Answer the security question and select “Check SAM Status NOW”
    • Allow the page to generate a brief summary of your SAM Registration that includes
      •  Primary NACIS Codes
      • UEI and/or CAGE Code
      • PSC and FSC Codes
      • Primary POC’s
      • and more
    • If you did not get the results back or they are wrong, contact the USBRI Help Desk at 1-888-646-9998 and a CRS will be able to assist you with what you need.

You can also access the SAM Status Lookup Tool by clicking the button below

 

Need to Register or Renew?

If your SAM Registration is coming up for renewal or you need to begin the process, click the button below and begin the process with a CRS today.

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