Leveraging New Government Contracting Regulations to Benefit Your Small Business

Posted by on Monday, November 21st, 2016 and is filed under .

b9324839558z-1_20161118123445_000_g67gf7vm3-1-0Relationships between small businesses and the government aren’t always easy to form. In my case, I love my prime contractors is because I’ve been blessed to have great relationships with the contracting officers, program managers, and their small business representatives. Part of this is due to how I approach the relationship and part of it is due to the individuals we work with in those companies.

This year (2016) has been a year of change for government acquisition and some of these changes are quite advantageous for Service-Disabled Veteran-Owned Small Businesses (SDVOSB), Veteran-Owned Small Businesses (VOSB), those operating in HUBZones, 8(a) companies, Women Owned Small Businesses (WOSB) and Economically Disadvantaged Women Owned Small Businesses (EDWOSB).

One of the major areas of change impacts subcontracting plan regulations.  The SBA has implemented more intense scrutiny of subcontracting plans which can result in material breach of contract claims, monetary fines or negative past performance if a prime contractor fails to meet the goals and objectives described in their small business subcontracting plans.

To learn more about how small businesses can benefit from the new government contracting regulations, click here and read my full column in this week’s FLORIDA TODAY.

Carol Craig is founder and CEO of Cape Canaveral-based Craig Technologies, a $45 million engineering and advanced manufacturing firm. Craig Technologies is a founding sponsor of the weVENTURE IGNITE Mentoring Program and Carol is also a member of the weVENTURE League of Extraordinary Women and a weVENTURE board member emeritus. www.craigtechinc.com