The Mt. Olivet Group, LLC (TMOG) has been recently 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.
The 8(a) BD Program allows direct contracting without a lengthy competitive process. For example, the SBA can respond to contracts less than $250k within two working days of receiving a Letter of Intent from the offering agency. This program allows a project to begin promptly. 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:
- 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