Women that are looking to make the most of their WOSB Certification can boost their Federal Sales Growth 3x on average by adding a GSA Schedule to their Federal Marketing Mix.
Call us and we can go over your eligibility and unique capabilities to see if this strategy is a good fit for your firm.
Below are the average sales results for a WOSB Certified firm with and without a GSA Schedule. Although less than 20% of WOSB firms obtain a GSA Schedule those that do, obtain substantial value by having done so.
WOSB GSA Comparison | WOSB Sales Revenue | Number of Firms | Average Revenue |
---|---|---|---|
WOSB Firms w/GSA Schedule | 3,767,315,971 | 2,510 | 4,257,372 |
WOSB Firms as a Whole | 15,915,184,286 | 14,468 | 1,360,416 |
A GSA Schedule is a GWAC or (Governmentwide Acquisition Contract) issued by the General Services Administration.
The following 4 reasons are why a GSA Schedule is so valuable to a Woman Owned Business
These four factor are what triple a WOSB Certified firms' sales.
Qualification | Explanation |
---|---|
Accounting System | An adequate and auditable labor hour recording and invoicing system is required for all awarded accepting labor-hour or time-and-materials task orders. |
Government-wide Commercial Purchase Card | All contractors are required to accept the Government-wide Commercial Purchase Card for purchases at or below the micro-purchase threshold. |
Pathway to Success Training | This must be completed, and the applicant must provide a certificate of completion with your offer. |
Financial information | A copy of the firms last two (2) years Balance Sheet and Income Statement. Current Commercial Price List/Rate Sheet. |
Past Performance Evaluation | 5-6 customers that will be willing to answer a reference call for the GSA on your behalf. |
Length of Time in Business | Your firm should have at least 2 years of business experience in the industry in which you wish to participate in a GSA Schedule Contract. In some instances, this will be waived such as for a GSA IT Schedule. |