A Brief Guidance to Register for SAM- Must Know!

Once you register for SAM, you instantly become eligible to do business with the government. The owner of a business registered with SAM can prepare a MAS GSA offer. Although it is not an easy process, it is surely rewarding once a company gets access to government buyers. This article is a brief guidance on SAM registration.

What is SAM Registration?

SAM stands for the System for Award Management. In the year 2012, CCR or the Central Contractor Registration transitioned to SAM. The system for award management is owned by the federal government. It is a free website for GSA contractors. Companies can submit their GSA MAS offer only after they register for SAM. MAS stands for Multiple Award Schedule.

Both potential and current government vendors have to register in SAM if they want the government to award contracts. Here vendors complete their one-time registration. It let them provide information that is relevant to procurement and transaction.

After the registration, vendors have to renew or update the registration annually. It helps them maintain their active status. The SAM is regarded as a marketing tool for business and permits government contractors or agencies to search for a company based on its location, size, ability, experience, and more.

Vendors who register for SAM get their information validated. The SAM shares these data with Federal agencies to enable paperless payments using electronic funds transfer or EFT. In Short, SAM shares data with electronic business systems and government procurement. As a vendor, all you need to do is input information relating to business in one database.

Information You Need to Register for SAM

Vendors need to provide various information for SAM registration on the official website. Vendors may need to work with the accounting department to get all the data. Here we have compiled what you need to register for SAM, and these are.

 

  • Taxpayer identification number or TIN
  • You need a DUNS number which stands for Data Universal numbering system.
  • Size metrics of your entity are a must.
  • You should provide a minimum of one NIACS code, which perfectly fits the company’s abilities.
  • You have to provide your firm’s financial information for payment purposes.  

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