You have undoubtedly Heard of Girls, Minority or Veteran-owned certificates, yet you might be asking yourself, Why bother? Clients and prospects come to me to prepare certificates for many reasons; I decided to discuss some of them with you so that in case you recognize yourself in these situations, you can get additional info.
One of my current Clients is going through the certification process since they have the chance to perform more work for a general contractor for whom they sub out work if they become certified. My client is a woman-owned company but they do not have the certificate to prove it. As soon as they get certified as a ccba certification and input the info to the Woman-Owned Small Business repository with the SBA, the General Contractor will gladly funnel them more firm. And why would they not, it is a total win-win. The general contractor can keep on doing business with a company they trust and they are able to fulfill their small/minority business requirements at exactly the exact same time.
Another reason my Customers have chosen to get certified is to be able to associate with other companies to bid on contracts. Oftentimes, Teaming Agreements are shaped so that two or more businesses can work together to win a large contract which the individual companies might not be able to win by themselves. These situations sometimes indicate that you are collaborating with a company which may otherwise be regarded as a competitor; but only as the acronym T.E.A.M. says – Together, Everyone Achieves More.
The Majority of the time, my Clients decide on certificates because they need the opportunities that being certified can manage. Notice I said chances and NOT guarantees. Certifications are not an entitlement program nor do they ensure the company concern that retains it anything. But what certifications are intended to perform is even the playing area where it is been proven to be uneven and also to give support where it is been shown to be lacking.
Women and minorities Business owners and small business generally, have not always had the very same chances to perform as have big businesses. Certification programs are enacted and goals set forth to bridge the gaps which have been found. Because of this, 23 percent of all federal prime contracting and subcontracting dollars are to go to small business. Additionally, 5% of these contracts would be to go to women-owned enterprise. In a bid to support the women and men who served our nation and were injured because of this, the Veterans Entrepreneurship and Small Business Development Act establish an annual objective of no less than 3 percent of the aforementioned federal prime contracting and subcontracting dollars to go to Service Disabled Veteran-owned Small Business Concerns (SDVOSBC).