Discover the untapped potential of the colossal $673 billion annual US government market and watch your company’s sales soar, all without investing in extensive marketing and advertising campaigns!
Did you know that businesses in the United Kingdom have an equal opportunity to bid on lucrative contract opportunities with the US Federal government, just like their US counterparts?
Surprisingly, out of over 777,000 companies registered in the US Federal government’s System for Award Management (SAM.gov) as of March 2023, only 2041 were based in the UK. This stark statistic clearly indicates that numerous UK companies are overlooking the immense potential of securing US government contracts, which they could competently compete for and win.
Both the US and the UK are signatories to the WTO Government Procurement Agreement (GPA), which ensures equal competition among member countries in government procurement processes.
Last year alone, the US Federal government awarded an astonishing 11 million contracts for goods and services. Apart from defense-related items, the US government procures almost every conceivable product and service used worldwide.
It’s worth noting that foreign companies are not obliged to maintain a physical presence in the US to participate in US government tenders. Furthermore, the size of a company is not a deterrent to winning US government contracts, as a significant majority of these contracts are awarded to medium-sized and small businesses.
Navigating the System for Award Management (SAM)
To engage in US government contracting, businesses must register through the official SAM website at http://www.sam.gov. However, the first step towards bidding on open tenders is establishing a SAM account. Arnett & Lin Consultants (https://www.arnettlin.com), renowned experts in SAM registration, offer seamless assistance to UK companies in setting up their SAM accounts. While SAM registration is technically free, it can be challenging and time-consuming even for US companies without expert guidance.
Arnett & Lin Consultants provide SAM registration services for £499. However, if you mention the discount code ALUK23, your company will only be charged £399.
As an added bonus, companies that avail themselves of this service will receive a comprehensive 31-page guide detailing the process of initiating bids on US government contracts following SAM registration completion.
If your company is interested in SAM registration, simply send a message to Arnett & Lin Consultants at mailto:firstname.lastname@example.org.
Steven Arnett, a partner at Arnett & Lin Consultants, brings his extensive experience as the former chief of the US National Codification Bureau and chief of codification for NATO.
The post Unlocking Untapped Potential: UK Businesses Missing out on Lucrative Opportunities first appeared on BusinessMole.