US Federal Contractor Registration reports an immediate demand for registered businesses to work federal government contracts in Georgia based on the volume of listings on the Federal Business Opportunities website posted by contracting officers looking for vendors to bid on available work.
In the past year, over $9 billion has been spent on federal contracts in the state of Georgia, representing 1.9 percent of the total spent on contracts during the past year as reported on the USASpending website.
According to USASpending, over 40 percent of all contracting dollars spent in Georgia during the last year were competed and put out for open bidding by contractors. Small businesses in particular are urged to complete registration and place bids for contracts. Of the 100,866 contracts awarded in Georgia over the past year, over half were awarded to small businesses. Each federal agency is urged by regulations to award at least 23 percent of their contracting dollars to small businesses.
The highest numbers of contracts awarded to small businesses were for Facilities Support Services, Commercial and Institutional Building Construction, Custom Computer Programming Services, Administrative Management and General Management Consulting Services and Hand and Edge Tool Manufacturing however contracting agencies in Georgia purchased everything from Aircraft Components to Weapons. With the threat of tornadoes, flooding and other natural disasters in Georgia, contractors should also be prepared by completing their FEMA Vendor Profile (see related story) which allows them to perform on FEMA disaster relief contracts.
The Georgia Tech Procurement Assistance Center has estimated that nearly 20 percent of CCR records have errors or omissions. It is extremely important that contractors’ CCR and ORCA registration are complete and accurate. Failure to complete and maintain the required government registrations can result in payment delays or disqualification for contract awards. Serious errors may even result in fines or punitive action. To win their first contract, most businesses spend an average of 20 months and $100,000 marketing their business to contracting agencies. If their registration is incomplete or incorrect, all that time and money will have been wasted.