HOME   |   CONTACT   |   MY BUSINESS TOOLS    Facebook Twitter LinkedIn Subscribe to MBDA Newsletter Subscribe to our syndicated RSS news feed

You are hereHome > Blogs

Blogs


Access to Capital is Still a Challenge for Minority Business Enterprises

Blogged By: 
MBDA

In the current financial environment, access to capital is as much an issue today as it was in 1969 when the Minority Business Development Agency (MBDA) was established. For new businesses, especially those that are minority-owned, having access to working capital—which is used to keep operations going and to pay bills—could mean the difference between the success and failure of that business.

Other minority-owned firms need capital to fund their growth and,consequently, their ability to perform contracts. This financing could mean hundreds or even thousands of new jobs. And for other companies, primarily construction firms, capital is needed for bonding in order to fulfill contractual requirements. In fact, access to capital is one of the most important challenges business owners face.

What is a task order, or indefinite delivery contract?

Blogged By: 
MBDA

Business ContractsYou will hear and read the terms “task order contract” and “issuance of task orders” frequently in discussions and documents that pertain to GSA schedules. Even though the FAR 8.4 provides specific authorities for GSA schedule contracts that supercede the FAR 16.5’s specific provisions for task order or indefinite delivery contract types, an understanding of these vehicles will help to better understand the way a GSA schedule works.

Acquisition Tool

What are the benefits of a GSA Schedule Contractor Team Arrangement (CTA)?

Blogged By: 
MBDA

GSA teaming provides real benefits for businesses:

  • Satisfies the customer with a single solution;
  • Increases competitive edge;
  • Increases market share;
  • Increases visibility;
  • Focuses on core capabilities;
  • Obtains complementary capabilities;
  • Integrates different skills;
  • Offers additional opportunities with customers;
  • Builds direct relationships with customers;
  • Maximizes use of one or more GSA Schedule solutions;
  • Shares risks and rewards;
  • Allows more opportunities for small and small disadvantaged businesses; and

What is the best way to maximize the potential to obtain these government customers?

Blogged By: 
MBDA
Marketing your GSA Contract

First things first, know your schedule contract and its terms. Read it thoroughly. Understand your costs and rates and understand the GSA task ordering process. Understand the benefits to the customer of using a schedule contractor and incorporate these benefits into your marketing language.

Although buyers may receive small business credit, when orders are placed against a GSA Schedule contract, they are considered to be placed using full and open competition. Buyers need not seek further competition, synopsize the requirement, make a separate determination of fair and reasonable pricing, or consider small business programs. By placing an order against a GSA Schedule contract, the buyer has concluded that the order represents the best value and results in the lowest overall cost to meet the government's needs
 

Searching Federal Business Opportunities

Blogged By: 
MBDA

FBO Screen Shot

FedBizOpps.gov is the U.S. Government's one-stop virtual marketplace. Through this single point-of-entry, commercial vendors and government buyers are invited to post, search, monitor, and retrieve opportunities solicited by the entire Federal contracting community. 

This site is available 24 hours a day, seven days a week, and allows vendors to register to receive e-mail notification of opportunities in their areas of interest.
 

Did you know...

Between 2002 and 2007, minority-owned firms outpaced the growth of non-minority firms in gross receipts, employment, and number of firms. Minority firms are an engine of job creation.
Graph for MBE Growth

Upcoming Events

[Within 90 days]
04/22/2014 (All day) - 04/24/2014 (All day)
04/22/2014 - 9:00am - 4:00pm
04/24/2014 (All day) - 04/25/2014 (All day)

What MBDA Does

Facebook Twitter Subscribe to MBDA Newsletter Subscribe to our syndicated RSS news feed