As a business owner, you look for every opportunity possible to grow your organization. Working with the government gives you a long-term partnership with a consistent flow of cash into your company. Here are a few tips to follow as you apply for a contract with them.
Have the Qualifications That They Require
To be a vendor with the government, you must have specific qualifications to protect them and yourself. There are a few that provide security so that sensitive data is kept from leaking to the wrong hands. Depending on which departments you want to work with, you may be required to have specific certifications, such as CMMC Compliance.
However, others are basic necessities to operate as a business, such as sales tax identification and a federal employment number. If this is a direction that you want to take your company, research what you must have in place to proceed then work towards getting those documents. Once you have it, then you can begin the application process.
Have Protection For Yourself
Another requirement to work with the government is to have liability insurance for your company. This is to cover any mistakes your employees may make while they are on-site, especially if it results in damaging property or hurting another person. Contact your agent and question if you have this policy and how much it will cost you to add it.
Compare it to the benefit you will get if you get this additional client. If you have a facility or employees, you most likely are already taken care of. However, ensure that the value is high enough to handle this type of responsibility. Research what the minimum dollar amount your coverage must be and all the items it will take care of if an incident occurs. You can also speak to an expert in this field and ask for their guidance as you prepare your application.
