The very first step when getting a government contract is SAM. System award management(SAM) is the basic database used by the U.S Government for collecting and storing the data of various entities so that it can be used later. The business must be registered in the SAM Govt database to be able to sell to the federal government. Whenever the government is granting submission or award, the credentials in the SAM must be active at that point of time. For that, An yearly renewal option is given to the business owners and they must follow it for keeping their credentials active all the time.
The very first step when getting a government contract is SAM. System award management(SAM) is the basic database used by the U.S Government for collecting and storing the data of various entities so that it can be used later. The business must be registered in the SAM Govt database to be able to sell to the federal government. Whenever the government is granting submission or award, the credentials in the SAM must be active at that point of time. For that, An yearly renewal option is given to the business owners and they must follow it for keeping their credentials active all the time.
Purpose of SAM
SAM is a system that is used by the federal government to gather information about organizations that are seeking to work with the government. If an entity wants to proceed with its government contract then it must get registered in SAM.
How much does the government charge to get registered in SAM?
SAM is free of cost
SAM is free and if someone requires assistance regarding it then that is free of cost too.
A local PTAC will be there to help the business owners interested in registering for SAM and they charge no fee for that. You can go to them if you are confused with your SAM registration process. They are trained professionals who will help you to fill in all the business details correctly.
They will ensure that all the information regarding your businesses is mentioned appropriately along with your profile. Filling proper details helps the business to be found by the buyers and contractors in the Dynamic Small Business Search (DSBS) database. The counsellors are also capable of renewing the SAM account yearly along with finding further opportunities for the business.
They also answer to the queries regarding the requirements of SAM like DUNS number, EIN or CAGE, or NCAGE which are explained in detail further.
What is EIN?
Employer Identification Number (EIN) is a unique number that is given to all the business entities so that the business can get a separate identification in IRS. It is a nine-digit number that distinguishes the business from others. Sometimes, EIN is also known as Federal Employer Identification Number (FEIN) or Tax identification number (TIN). It is from the EIN that you will be able to identify your business while filing any kind of federal Tax Return. It can be said that EIN is a social security number. So it is important that it should not reach any wrong hands as it will be considered identity theft.
What is CAGE Code
A CAGE is a system used by the government to categorize between facilities given at a specific location. It is basically a way to support the mechanized systems running inside the government. The code is given by Defence Logistics Agency(DLA). The code is given to represent the addre4ss of the company for mailings, payments, or administrative records. CAGE code is also free of cost and needs to be renewed after every five years according to the rules changed after August 26, 2016. However, if you have an older one then that, it has no expiration date.
What is NCAGE Code
NATO Commercial and government entity(NCAGE) is a unique five-character alphanumeric code that is assigned to entities located outside the border of the US. The entities which are not a part of the US are required to register through NATO Support and Procurement agency also known as NSPA. The codes are assigned internationally as part of the NATO Codification System (NCS) and are mandatory for all foreign entities or their registration process will remain incomplete.
Tips
Here are a few tips you must consider if you want to get registered in SAM
● Make sure that you have reached the right website for your registration process which is https://www.sam.gov
● Obtain your DUNS number for free.
● Research and collect all the information regarding the registration process in SAM.
● Keep your NAICS code, product services, or federal supply class codes ready.
● Complete each page in sequence.
● Don’t forget to click Submit once you will be completed filling in all the details.
You can get registered in SAM by taking advice from the experts. FGCA offers you a well-built team of all the leading and experienced advisors who will make not only your SAM registration easy but will also assist you with getting a federal contract.
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