The Mt. Olivet Group, LLC (TMOG) has been accepted into the SBA’s 8(a) Business Development Program.
What is the Small Business Administration (SBA) 8(a) Program?
The SBA 8(a) Business Development (BD) Program simplifies the federal procurement process for certified business participants. The 8(a) BD Program was developed to enable federal government Program Managers to save time, effort, and cost in the procurement process and to protect the interests of small business concerns. Overall, this program serves to preserve free competitive enterprise and maintain and strengthen our nation’s overall economy.
With projects of up to $7.5 Million / $4.5 Million (Manufacturing / all other NAICS, respectively), the 8(a) BD Program allows direct contracting without a lengthy competitive process. This process enables a project to begin quickly. Bottom line: time-sensitive projects can get started in days instead of months.
Why use an 8(a) contract vehicle?
Choosing an 8(a) Firm allows your organization to work directly with a company that is both experienced and efficient in consulting to develop and implement business, technology, and engineering initiatives. The benefits of using an 8(a) contract vehicle include:
- A significantly faster procurement process
- Start the project in days instead of months
- Ability to procure both goods and services–Streamlined approach to the project
- Due to reduction in bureaucracy
If you decide to use The Mt. Olivet Group, LLC as an 8(a) contractor, here is what to do next:
Step 1: Agency Offering (FAR 19.804-2)
- Send a Letter of Intent that follows the guidelines provided in FAR 19.804-2.
- Email your letter of intent to award procurement to the SBA for acceptance: RDOfferLetters@sba.gov.
- Contact us for a template for the Letter of Intent.
Step 2: SBA Acceptance (FAR 19.804-3 & 13 CFR 124.503(a))
The SBA will respond to the Letter of Acceptance within the following timelines:
- Within two (2) working days of receipt
- Contracts less than $250K
- Within five (5) working days of receipt
- Contracts between $250K and $4.5M
- Within ten (10) working days of receipt
- Contracts greater than $4.5M