RESI entered the SBA 8(a) Program in June of 2015 and has completed its annual review each year since certified. The program has a formal business development program with established stages to assist the 8(a) with growth goals and objectives. RESI is on track with its approved business plan, goals and objectives. The projected 8(a) Program exit date for RESI is June 2024.
With RESI’s Small Business Administration (SBA) status as a Certified 8(a), Small Disadvantaged Business status, Government Agencies can contract with RESI directly using sole-source acquisition. SBA Certified 8(a) participants are allowed by Federal Law to receive sole-source contracts, up to a ceiling of $4 million for goods and services and $6.5 million for manufacturing. This opportunity helps an 8(a) firm build their competitive and institutional know-how and strengthens and encourages the firm to participate in competitive acquisitions.
Sole source contracts are usually approved in a matter of days. Federal Agencies with a Small Business Program will understand how to guide their contracting officers, planners and engineers through the sole source contract program. Because the 8(a) program is a federal mandate, Federal Agencies get credit for the amount of work they issue to an 8(a), Disadvantaged Business, and Small Business. If this option is chosen, the steps typically followed are:
- The federal customer develops a statement of work, prepares a government estimate and obtains the necessary funding.
- The federal customer chooses RESI t to perform the work and submits a procurement request to the agency contracting officer.
- The agency contracting officer prepares and submits an “Offer Letter Memorandum” to the SBA – Atlanta District Office.
- After the Offer Letter is received and processed by the SBA (commonly 2 day turn-around), the process returns to the agency contracting officer who submits the Statement of Work and Request for Proposal or Quotation to RESI.
- RESI submits its proposal or quotation and the package is evaluated and negotiated (if necessary) by the agency.
- The contract is awarded to RESI.