The Federal Small Business 8(a) program assists small disadvantaged businesses with acquiring government-contracted dollars. The Federal 8(a) program can help small business construction companies acquire sole-sourced project opportunities up to $4M for small business designations and up to $100M for tribally-owned small businesses.
Participation in the 8(a) business development program is divided into two phases over nine years: a four-year developmental stage and a five-year transition stage; the overall goal of which is to prepare and eventually graduate 8(a) businesses capable of thriving in a competitive Federal business environment.
In addition, 8(a) businesses can form joint ventures and teams to bid on contracts. These arrangements allow you to combine skills and experience to enhance your ability to successfully compete for and perform larger prime contracts. You can also participate in the 8(a) BD Mentor-Protégé Program which allows companies to learn the ropes from other more experienced businesses.
U.S. Small Business Administration Contributor Katie Murray
8(a) Certification Program Explained
Contact us today to learn more about construction growth under the Federal 8(a) Business Development Program.