The Small Business Administration (SBA) 8(a) Sole Source vehicle enables agencies to engage in direct buy contracts with certified contractors. Silotech Group’s SBA 8(a) and SDB business development certification is valid through September 2021.
The 8(a) sole source vehicle provides agencies a simplified and shortened acquisition procedure:
- Reduced decision cycle: the time required to award an 8(a) sole source contract is usually within days
- Lowered administrative costs: procurement process and time is reduced to a minimum
- Prices reflecting the best value: agency negotiates with the firm directly to get the best value
- Credit for promoting small business participation within an agency
- Can initiate a contract with a simple high-level statement of work
Simple Steps to Establish 8(a) Sole Source Contract with Silotech Group:
- The Government program manager or interested party develops a statement of work, prepares a government estimate, and obtains the necessary funding
- The Government program manager or interested party chooses Silotech Group to perform the work and submits a procurement request to the agency contracting officer
- The agency contracting officer prepares and submits an “Offer Letter” to Silotech Group’s Chief Operations Officer, Mr. Kelly Tremont: email@example.com
- SBA processes the Offer Letter and returns it to the agency contracting officer who submits the Statement of Work and Request for Proposal or Quotation to Silotech Group
- Silotech Group submits the proposal which is evaluated and negotiated (if necessary) by the agency
- The contract is awarded to Silotech Group
These steps can be accomplished within a few days in most cases. It is also worthwhile to mention that Silotech Group has a great working relationship with the SBA‐assigned Business Development Specialist (BDS) who is willing to help clarify any issue related to 8(a) program and facilitate any contract award.
Section 8(a) of the Small Business Act as amended by Congress, created the 8(a) business development program. This program enables SBA to assist small disadvantaged firms to develop their businesses. In applying to the program, a firm is rigorously evaluated on its ownership, operations, financial health, and past performance. Once accepted, the firm is required to provide SBA a detailed business plan and annually show continued success as a viable, strong business entity.
- Firms that are approved are certified by the SBA for a period of nine years
- The SBA has signed Memorandums of Understanding (MOUs) with Federal Agencies allowing them to contract directly with certified 8(a) firms
- Participants can receive sole-source contracts, up to a ceiling of $4.5 million for goods and services.