Federal Contract Eligibility refers to the specific qualifications and requirements that a business or individual must meet to be considered for a contract with United States federal government. This is a crucial step in General Services Administration (GSA) procurement process. These requirements vary depending on the specific contract and may include factors such as size standards, business type, financial stability, past performance, and more.
To ensure Federal Contract Eligibility, businesses need to be registered with System for Award Management (SAM), which is the primary database for vendors doing business with the federal government. This registration includes obtaining a DUNS number and completing an Online Representations and Certifications Application (ORCA). Besides, some contracts may require businesses to have a GSA Schedule, which is a long-term government-wide contract that provides access to millions of commercial products and services at volume discount pricing.
Overall, Federal Contract Eligibility is a complex yet crucial aspect of doing business with the federal government. It ensures a fair and transparent process, ensuring that only qualified and capable businesses participate in federal contracting opportunities.
