The Advantages of 8a Certified Companies in the US
The small and disadvantaged companies in the US are getting benefits from the minority program popularly known as 8A certification. The reason why it is so popular is for the advantages of 8a certified status which these companies have after getting on the program.
To understand more about the 8a certification, we need to understand the need for the 8A program.
The small and disadvantaged companies in the US which are not able to perform in the commercial market despite having the required potential, are given a chance to trade with the federal which is the world’s biggest buyer of goods and services.
The federal spending estimates to around $460 billion, is a huge opportunity for these companies and firms. So, the SBA program issues 8a certification to these companies who have the potential to do trade with the federal and allows them to grow in the government market in the meanwhile.
There are set-asides from the federal spending for the small companies which allow them to procure the contracts very easily.
Some federal agencies prefer to buy only from those who are on the program. However, it is not necessary to get on the program to obtain the federal contracts.
The cost of getting on the minority program
There is no cost of getting on the program apart from paying for the charges to get the application downloaded or the cost to procure the required documents. However, many people hire the consulting services which can be added as the 8a certification cost.
These consultants make the job easier as they are in the federal market for years and know the requirement for procuring the certification. They do charge for their services but do reduce the load of paperwork for the clients.
It is entirely the personal choice of the applicant to hire these services or not, but they are actually hired to avoid the cancellation of the application which is more than half of the application received.
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