The 8a Program Benefits the Small Businesses
The SBA 8a program has many benefits and gains. The disadvantaged businesses or firms who are unable to perform to their potential because of their disadvantages are benefited from the program. The benefits are listed below
- Sole source contracts- the 8a participants do not need to go through a competitive process of sole source contracts. There is a ceiling of up to $4 million for goods and services and up to $7 million for manufacturing.
- set aside opportunities- the 8a program has reserved acquisitions for all small businesses or categories that make the businesses or firms eligible for the 8a certification.
- Teaming opportunities- the 8a certified companies are eligible for Mentor Protégé from the large firms or companies to pursue more complex contract opportunities. Joint Ventures are also allowed to gain huge contracts which are not feasible for small disadvantaged firms. The 8a program makes teaming opportunities possible for them.
The 8a companies not only get opportunities to grow and expand but also can procure contracts which they are not able to procure without mentor protégé. The 8a program is solely designed to benefit the small disadvantaged firms and businesses to help them grow and survive the competitive market.
Applying for the certification is a long process and needs to fulfill all the eligibility criteria for the rejection of proposal means a great loss of time and resources. to get the approval it is advised to hire experts who can navigate the applying process smoothly.
The author is a business blogger who works for 8a certification EZ8A that offers the best quality 8a certification in the USA. The company has its Business office located at 4 Interstate Access Road, Suite C Wilder, KY 41076 and can be contacted by Phone +1 859 442 1050, by Email: info@ez8a.com. Interested people can visit the company website https://www.ez8a.com for more information.
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