Do you currently sell to the federal government and government contractors? The US Federal Government is currently offering small businesses the opportunity to sell billions of dollars’ worth of products and services to federal agencies through contract vehicles. Through HUBZone certification and government contracting your small business could be well on its way to earning federal government contracts in a short period of time.
Lomont Molding, Inc. Federal SBA HUBZone Certified
Lomont Molding has been HUBZone certified since 2008. We specialize in American made concrete accessories used in commercial, highway, and precast construction markets; Safety Identification tags and signs utilizing a Patent Pending In-Mold Technology process. We also specialize in Structural Foam Molding, Solid Injection Molding, In-Mold Graphics & Decorating, Insert Molding, and Nitrogen Gas-Assist Molding.
SBA HUBZone Certified companies have three contract vehicles that provide them with an advantage in the federal government process:
- Competitive set-aside
- Sole source contract
- 10% price advantage
Government Contract Vehicles
A contract vehicle is roughly defined as a method under which a company may pursue and close a sale. Government contract vehicles can include a variety of different aspects and scenarios, some include:
- GSA schedule contracts
- Any multiple award schedule contract held by you or one of your partners
- Any contract held by your business partner under which subcontracting is an option
- A sole source, credit card purchase (usually under $2,500) by a government buyer
- An open market, small purchase (under $25,000)
- Any program giving preferences to a defined class including small businesses, small disadvantaged businesses, women-owned businesses, veteran-owned businesses, businesses located within a HUB zone, etc.
The Small Business Approach
If a small business has established a relationship with a federal entity but does not have a secure government vehicle, the federal entity has several options available to them to ensure that they work with their desired small business. Those options are as follows:
- The federal entity can decide to have the small business work as a subcontractor under the prime contractor presently working at the base (probably the quickest and most practical alternative).
- The federal entity may award the contract to the small business under a sole source procurement. Under the federal regulations, solicitations may be limited to one source only if the contracting officer has determined that the vendor at issue is the only source reasonably available. If only one source is solicited, the official order file must be documented to explain the absence of competition.
- The federal entity may announce the opportunity as a public bid. In doing so, the procurement would be opened to competition and the actual award would be delayed for months on end (the least likely option).
The Historically Underutilized Business Zones (HUBZone) program was enacted into law as part of the Small Business Reauthorization Act of 1997. The program encourages economic development in historically underutilized business zones. The HUBZone program is regulated by the SBA (Small Business Administration). To implement the HUBZone program the SBA does the following:
- Determines which businesses are eligible to receive HUBZone contracts
- Maintains a listing of qualified HUBZone small businesses that federal agencies can use to locate vendors
- Adjudicates protests of eligibility to receive HUBZone contracts
- Reports to the Congress on the program's impact on employment and investment in HUBZone areas.
Contact Lomont, Inc. Today
Contact us today for more information on HUBZone certification and small business government contracting.