03 The Basics
The content provides a detailed overview of the basics of doing business with the US government. The chapter discusses the importance of registering with the System for Award Management (SAM) and the information required for registration, such as DUNS numbers and CAGE codes. It also explains the North American Industry Classification System (NAICS), which is used to classify businesses, and the importance of properly categorizing products and services using Product Service Codes (PSC) and Federal Supply Classification (FSC) codes. The chapter also introduces the Federal Acquisition Regulation (FAR), which governs federal procurement, and explains the role of contracting officers and the importance of being a responsible contractor. The chapter concludes with an overview of how to find opportunities and secure contracts with the government, including using the Federal Business Opportunities (FBO) website and considering getting a GSA Schedule contract. The chapter also provides information on how to get paid for government contracts and the importance of proper invoicing. Overall, the content provides a comprehensive overview of the basics of doing business with the US government.
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