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What is US Federal Contracting?

U.S. Federal Contracting

U.S. federal contracting is the process by which the government acquires goods, services, and construction projects from private companies. Key aspects include:

  1. Regulatory Framework: Governed by the Federal Acquisition Regulation (FAR).
  2. Contract Types: Includes fixed-price, cost-reimbursement, and time-and-materials contracts.
  3. Acquisition Process: Involves market research, solicitation, evaluation, award, and administration.
  4. Competition Requirements: Promotes fair competition, with exceptions for sole-source contracts.
  5. Small Business Set-Asides: Programs to encourage small business participation.
  6. Contract Compliance and Oversight: Ensures contractors meet obligations through monitoring and audits.
  7. Contracting Agencies: Agencies like the DoD, GSA, and VA manage their own procurement.
  8. E-Procurement: Uses portals like SAM for efficiency and transparency.

Federal contracting ensures government procurement is fair, transparent, and provides value to taxpayers. It is a great way for businesses to get more work and take advantage of inclusive government programs. Start the process of becoming a Government Contractor by completing your SAM Registration with USBRI.

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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