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GovCon-News

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Government Low Interest Loans for Small Businesses via SBA

clock 10 Jun, 2022 comment 0 Comments

Government Low Interest Loans for Small Businesses via SBA 6-10-22 Running a small business has had its share of uncertainty over the past couple of years. Between record inflation, wavering public demand, increasing interest rates on loans, and difficulties with supply chain management, there are many concerns we’ve had to navigate. Fortunately the federal government is always in need of products and services and can provide loans to small businesses to help you pivot to public sector contracting. The Small...

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Be Mindful of Contracts Listed only by PSC and not NAICS

clock 10 May, 2022 comment 0 Comments

Be Mindful of Contracts Listed only by PSC and not NAICS 5/10/22 Back in November of 2021, Sam.gov announced a new Medical PSC code. 6632 – ANALYSIS INSTRUMENTS, MEDICAL LABORATORY USE As you likely already know, all Product Service Codes (PSC codes) transitioned from a one letter or two digit notation roughly 2 years ago. The reason the old PSCs were changed was due to the vagueness of the descriptions before the transition. The new and improved PSC codes are...

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Bad News for Federal R&D Tax Incentives with TCJA

clock 03 Mar, 2022 comment 0 Comments

You may have missed it, but a requirement in the 2017 Tax Cuts and Jobs Act (TCJA) will force all businesses, including federal contractors, to begin amortizing R&D investments over 5 years rather than expensing them in the same year that the costs were incurred. As you are aware there is a time value associated with money so this change will diminish the tax advantages for contractors that invest in R&D. There are quite a few negatives associated with this...

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Changes to the SBA’s Mentor Protégé Program

clock 02 Apr, 2021 comment 0 Comments

The Small Business Association’s (SBA) Mentor Protégé Program has been widely used as joint ventures (JV) in government contracting become more prevalent. For anyone not familiar, the program uses approved large businesses as mentors to assist smaller protégé businesses with business development (BD) efforts for federal contracts. This allows the mentor to create a JV with the protégé allowing the protégé to compete for small-business set-aside contracts with the benefit of having the large business to assist them. In addition,...

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PPP Second Draw Loan Assistance for Small Businesses

clock 27 Jan, 2021 comment 0 Comments

Many small businesses have experienced a major shake-up from COVID-related issues, and at times like these having liquid assets are important to allow a firm to pivot as necessary. As you have likely heard, the secondary Paycheck Protection Program (PPP) is providing major funding to assist especially vulnerable businesses such as restaurants, travel agencies, entertainment venues, and farmers. That is not all however, as it will help small businesses continue to keep their personnel retained with a second forgivable loan...

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DUNS Numbering Service to be Replaced by Ernst & Young

clock 18 Mar, 2019 comment 0 Comments

We’ve seen this coming for a little while now. The GSA released a Request for Information (RFI) and draft Performance Work Statement (PWS) back in October 2017 for Entity Validation Services for the predicted replacement of the Dun & Bradstreet’s Data Universal Numbering System (DUNS). The DUNS is a proprietary identifier that has been used for decades. There was a desire to use these numbers across the government, however the contract between Duns & Bradstreet and the GSA dictated that the...

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Shutdown 2018 – Federal Contractors Go Without Pay

clock 27 Dec, 2018 comment 0 Comments

While federal employees are generally reimbursed for days the government is shutdown thanks to legislation from Congress, contractors are not so lucky. Depending on the percentage of federal work companies take on and how large their commitments are, a shutdown can cause major headaches for a business. It’s relatively obvious that this is affecting large companies performing various military and IT contracts for the government, but it is also detrimental to thousands of low-income contractors working in federal buildings like...

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Tyndall AFB Contracts in Jeopardy after Michael?

clock 12 Oct, 2018 comment 0 Comments

Tyndall Air Force Base, based in Panama City, sustained heavy damage when Hurricane Michael reached Florida without much warning. What does this mean for federal contractors who currently have contracts with Tyndall AFB? Per EZGovOpps records, there are currently 148 ongoing contracts with a value of 5.6 billion that expire in the next three years. Vendors like L3 Communication, Science Applications International, and TASC are likely concerned that these current contracts would be continued during the rebuilding process. With the temporary...

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Is a Continuing Resolution Freeze on the F.Y. 2019 Budget Likely?

clock 29 Jun, 2018 comment 0 Comments

If you’re wary that the mid-term elections will throw a monkey wrench in the F.Y. 2019 defense appropriations and authorization bills, you certainly won’t be the only one. The results of the election will greatly influence control of the House, and how many dollars will be earmarked for defense contractors, who are one of the biggest winners from the Trump presidency in terms of dollars and cents. Should we experience a “Blue Wave” and Democrats take control, defense contracts would...

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Congressional Action Required for Trump’s Space Force

clock 19 Jun, 2018 comment 0 Comments

Back in June of 2017, the House of Representatives Armed Services Committee moved to change control of space missions to a new military branch (rather than under US Air Force command). Things are now picking up steam with Trump ordering the Pentagon to create this new service branch for space military operations yesterday (6/18/18). This would be the sixth branch of the U.S. armed forces. “We are going to have the Air Force and we are going to have a...

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