Women-Owned Small Business (WOSB) Overview |
Set aside for WOSB's, EDWOSB's and Sole Source Federal Contracts within eligible industries. |
The government limits competition and sets aside 5% of annual spending for certain contracts to businesses that participate in the Women-Owned Small Business (WOSB) Federal Contract program. |
These contracts are for goods and services in specific industries where WOSBs / EDWOSBs are underrepresented. |
Joining the WOSB Federal Contract program makes a business eligible to compete for federal contracts reserved for the program's certified participants. These contracts are known as “set-asides. |
It is important to note that WOSB certification benefits represent Federal contracting opportunities, rather than those in the private sector. |
If you own a business that is majority owned / operated by 51 percent or more women, you could qualify for some of that budget. To find out if your business is eligible, fill out our form below, or contact us at any me to receive expert assistance. |
WOSB/EDWOSB Benefits |
Government Contracts and Certifications LLC has worked with many business’s to get them certified and compliant. As a business owner your time is valuable and resources sometimes limited. |
Incorrect and / or incomplete registrations and certifications can create delays and missed opportunities. Our government certification team will eliminate all that hassle and provide you with timely and accurate filing. |
The federal government reserves 5% (roughly $25 billion) of the annual contracts that they allocate to businesses each year for WOSBs. That translates to billions of dollars in exclusive work opportunities that other registered businesses in the federal marketplace can’t compete for. |
In 2021, the federal government allocated $637 billion into annual contract spending. Over $26 billion of that fund was enacted for the sole purpose of supporting WOSB organizations with awards and contracting opportunities available only to them. Including these exclusive funding opportunities, there are many advantages to getting your WOSB certification: |
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Sole Source ContractsSole Source contracts is a percentage of all federal contracts must be awarded directly to qualified WOSB organizations.
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Set-Aside ContractsSet-aside contracts and grants provide competitive opportunities that only WOSB-registered businesses can bid on.
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Additional OpportunityWomen-owned small businesses also receive preferential review when bidding on open-bid contracts that the rest of the federal marketplace can also compete for.
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Subcontracting OpportunitiesWOSB organizations are able to subcontract with Prime Contractors on larger contracts where the size of a women-owned small business doesn’t determine whether or not it can access lucrative federal jobs.
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