Monday, November 24, 2014

WOSB Registration Creates Opportunities For Women Owned Businesses

By Celeste Osborne


Women-Owned Small Business or WOSB Registration can help small businesses gain access to coveted federal set aside contract opportunities. This contracting program is available to any small business that is at least 51% owned by one or more women. For qualifying businesses, this program offers exclusive access to federal contracts that are only offered to registered vendors.

Federal contracting regulations mandate that at least 5% of all contracting dollars be awarded to women owned businesses every year. During fiscal year 2013, nearly $20 billion was awarded to women owned businesses, totaling over 260,000 contract awards. In order to qualify for and bid on these set aside contracts, interested businesses must complete the proper registration.

Before any business can bid on these set aside contracts, they must complete all required registrations, including their WOSB registration. This registration requires that multiple forms be completed as well as the submission of supporting documents which prove the firm's eligibility for the program. If this registration is not complete and correct, the business can face a multitude of consequences from delays to fines and penalties. For these reasons, it is important that contractors use reliable resources to finish their registration.

The most reliable way for businesses to complete their registration is to use the services of US Federal Contractor Registration. Just like when business owners hire an accountant to complete their taxes properly, US Federal Contractor Registration helps firms complete and file their contractor registration quickly and accurately.

To start WOSB Registration and become eligible to bid on WOSB set aside contracts, interested businesses may call the Contractor Hotline at (877) 252-2700 Ext 1. A live Acquisition Specialist will also provide information on any other set aside or contracting programs available that can help give small businesses an edge in the federal marketplace.

US Federal Contractor Registration has helped over 65,000 businesses complete their System for Award Management registration. Their clients include businesses such as McGraw Hill, HP, Wells Fargo, Xerox, GoodWill, Dixie, UPS, Heinz, Sheraton Hotels, Marriott, Westin, Interstate Oil, CITI, and Coldwell Banker; academic institutions and colleges like NYC, Northwestern, Oxford, Southwestern, and Mercer; and numerous federal agencies like US Army, US Navy, Veteran Affairs and United States Department of Agriculture.




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