I was curious about the dollar threshold for contracts awarded to small businesses under the OASIS vehicle.
I did the research using GovTribe. Here’s what I found:
- 314 small business task orders with a potential value under $500K
- 618 small business task orders between $500K – $2M
- 1.2K~ small business task orders between $2M – $10M
- 397 small business task orders between $10M – $25M
- 441 small business task orders greater than $25M
- 102 small business task orders greater than $100M
The opportunities are there. The question is, if you’re fighting above your weight class, do you have a financial infrastructure in place to succeed for that dollar threshold — or to win multiple contracts simultaneously?
Aligning various lines of credit is instrumental. You don’t want poor contract management to be a source of ruination to your brand because you didn’t have the resources in place to cover the initial set-up costs for successful execution.
If it’s your intent to shape a large opportunity towards a small business domain, prove that you’re ready to execute. Include a letter from your financial institution certifying a line of credit large enough to support the win.
Your relationship with your traditional and non-traditional banker(s)/investor(s)/financial lender(s) is a key component to your success. If you are not lock-step with your financial backer today, your risk score increases. When your risk score increases, your PWin decreases, etc. etc. etc.
This is the time to become fiscally ready for success.