Federal Sales: What are They?
In order to ensure fair market pricing for federal agencies, the federal government uses FAR, Federal Acquisition Regulations, to make selling to it as simple as possible. The federal government operates 137 independent executive agencies with over 430 departments. Most small businesses find that obtaining federal sales can be a challenging process because of this size. Federal Government Sales Categories There are two major markets within the subcategory of Small Business Federal Sales , namely Prime Contract Awards and Subcontract Awards. Prime Contract Awards There are unique challenges and opportunities in each of these markets. An agency or department within an agency that purchases their products is the first step a small business needs to take as a Prime Contractor. Each federal agency is set up differently, making this process challenging. Some buyers are located in the field, while others are large purchasing departments. So, to sell to federal agencies, Prime Contract