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F150 Request For Information

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Running head: REQUEST FOR INFORMATION 1

Request for Information

Institution Affiliation

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REQUEST FOR INFORMATION 2

What benefits can be expected by your company if small businesses are

considered in the subcontract solicitation process?

The whole business of government procurement has several regulations and laws that

have to be followed by any business that wants to transact business with the government. By

law, the federal government is required to reserve 23% of all available government contracts

to be awarded to small businesses. The Small Business Administration (SBA) is an agency

that was set up by the government of the United States to help the small business that wants

to do business with the federal government.

There are numerous benefits that are associated with the consideration of small

businesses in government solicitation process. Subcontracting will give small businesses a

chance to be able to grow the size of the business, increase their revenues, gain experience

and expand their capabilities (Ogbari, Ajagbe, Isiavwe, & Ade-Turton, 2015). Since any

business that wants to transact with the government must prove that they are experienced,

subcontracting gives them a chance to create a performance record. Subcontracting also gives

them a chance to advertise themselves and hence remain in business. Business partnerships

that will last for a long time will also be built through subcontracting and hence gaining

competitive advantage. The small business will also become more competitive in the

government contracting marketplace.

To what extent will adding these requirements mean additional costs will be

incurred in administration and reporting of compliance?

There will be additional costs that will be incurred when the consideration is made.

The additional costs will come from money that will be paid when seeking and reporting

compliance. The administration of the subcontractors will also incur some costs (Miller,

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Running head: REQUEST FOR INFORMATION Request for Information Institution Affiliation Date 1 REQUEST FOR INFORMATION 2 What benefits can be expected by your company if small businesses are considered in the subcontract solicitation process? The whole business of government procurement has several regulations and laws that have to be followed by any business that wants to transact business with the government. By law, the federal government is required to reserve 23% of all available government contracts to be awarded to small businesses. The Small Business Administration (SBA) is an agency that was set up by the government of the United States to help the small business that wants to do business with the federal government. There are numerous benefits that are associated with the consideration of small businesses in government solicitation process. Subcontracting will give small businesses a chance to be able to grow the size of the business, increase their revenues, gain experience and expand their capabilities (Ogbari, Ajagbe, Isiavwe, & Ade-Turton, 2015). Since any business that wants to transact with the government must prove that they are experienced, subcontracting give ...
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