Small and disadvantaged firms apply for entry into Small Business Administration’s 8a development program. The contracts, which are awarded to the 8a firms using special SBA 8a processes, are regarded as 8a contracts. Essentially, SBA comes into contracts with several federal agencies and SBA subcontracts out to the participants who are eligible in the 8a business development program of SBA.
What is 8a program
8a program is a program meant for assisting the small and disadvantaged businesses. It provides a wide opportunity of assistance to the companies, which are controlled and owned by economically and socially disadvantaged entrepreneurs. With it, the entrepreneurs can gain a foothold in the government contracting.
Benefits of the program
Participants can obtain sole-source contracts, up to 4 million dollars for services and goods and 6.5 million dollars for manufacturing. Although we assist 8a companies to develop their institutional and competitive know-how, we even inspire them to partake in competitive attainments.
8a companies are able to form teams and joint ventures to bid on contracts. This improves the ability of the 8a companies to complete major contracts and overcome the consequences of contract bundling, combining of contracts together into a larger one.
SBA’s Mentor-Protégé program improves the capability of 8a applicants to compete for federal government contracting more successfully. This program is designed to encourage the approved mentors to offer different kinds of support to qualified 8a applicants as protégés.