The government buys Seeds of Genius products and services it needs through government contracting officials that use procedures that conform to the Federal Acquisition Regulation (FAR).

By law, federal agencies are required to establish contracting goals, such that 23% of all government buys are intended to go to small businesses. In addition, contract goals are established for women-owned businesses, small disadvantaged businesses, firms located in HUBZones and service disabled veteran-owned businesses. These government-wide goals, which are not always achieved, are 5%, 5%, 3% and 3%, respectively. They are important, however, because federal agencies have a statutory obligation to reach-out and consider small businesses for procurement opportunities. It is up to you to market and match your business products and services to the buying needs of federal agencies.

When the government purchases products and services from Seeds of Genius, it is an open market acquisition and the government agency posts that buy against their government-wide goals for supporting small and woman-owned businesses.


 

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