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28Apr/120

Large Corporations Awarded Billions in Small Business Government Contracts in 2011


St. Petersburg, FL (PRWEB) February 29, 2012

The American Small Business League (ASBL) has reported that 72 of the federal governments top 100 small business contractors were some of the worlds largest companies. Corporations like Apple, GE and Bank of America received $ 16.4 billion in small business government contracts during the 2011 fiscal year, a 20 percent increase over the previous fiscal year. Due to a combination of policy loopholes, human error and mis-categorization, many small businesses are not being awarded the government contracts set aside specifically for smaller companies.

Federal mandates are in place that require the federal government to set aside at least 23% of all contracting dollars to be awarded by small businesses. In order for the government to comply with the mandates, more companies capable of handling these federal contracts must complete their CCR registration and ORCA filing immediately. Every year, the federal government falls short of its procurement goal. In 2009, only 22% of the $ 442 billion set aside for small businesses was awarded to small businesses, according to US Federal Contractor Registration.

There are not enough qualified, properly registered businesses, said Dan Driscoll, treasurer at US Federal Contractor Registration. If there were, the government wouldnt have a problem meeting that goal.

In order to bid on and be awarded government contracts, businesses must obtain a DUNS number and must complete CCR and ORCA registration. Successful contractors also develop aggressive government marketing plans which include the creation of a profile on government websites such as the SBAs Dynamic Small Business Search and automated bid notifications to their email. Eric Knellinger, President of US Federal Contractor Registration, is strongly encouraging small businesses to ensure their registration is complete and correct so they don't miss out on the new opportunities available in government contracting.

Unfortunately, many vendors who try to complete their CCR registration on their own run into problems. The Georgia Tech Procurement Assistance Center has reported that nearly 20% of all current CCR records contain errors or omissions. When errors are present in a business records, the government contract will most certainly be awarded to a company with all of their checks and balances in place. This makes it even more possible for large companies with proper paperwork to move in on contracts set aside for small businesses.

To help small businesses avoid costly errors, US Federal Contractor Registration is offering a free evaluation and review of vendors government registration, including their CCR registration CCR registration and ORCA filing. During the evaluation, a Placement Specialist will review the companys government contractor registration to ensure it is complete, contains the correct information and is optimized to help them win government contracts. To receive this free evaluation, interested businesses should contact the toll free Contractor Helpline at (877) 252-2700 ext 1. Placement Specialists can also prepare a free government contracting profitability assessment to help business owners review government spending trends within their industry and identify current contracting opportunities.

US Federal Contractor Registration is a third party registration firm that has helped thousands of businesses complete their CCR registration and bid on contracts. US Federal Contractor Registration pairs businesses with a dedicated case manager who helps them every step of the way from initial registration to bidding on contracts. To request a free evaluation and assessment by a Placement Specialist for your business, call the Contractor Helpline at (877) 252-2700 ext 1 or visit our website at https://www.uscontractorregistration.com/.

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