Precision Tech has been certified as a participant of the U.S. Small Business Administration (SBA) 8(a) Business Development Program (BD) and Small Disadvantaged Business (SDB) Program. Precision Tech has been certified through the year 2030.
Awarding Sole-Source Contracts
Precision Tech can be awarded federal government contracts on a sole-source basis, in as short a timeframe as 5 business days.
The benefits of an 8(a) Direct Award are:
- • Lower government acquisition costs
- • Short acquisition cycle, less than 30 days
- • Negotiate best value pricing
- • Threshold is $250K-$4.5M Services.
Steps To Award Sole-Source Contracts:
| 1. Briefly describe the scope of the project |
| a. Develop a statement of work (SOW) and a government estimate of the cost |
| 2. Send letter of intent to the Washington Metropolitan Area District Office (WMADO) of the U.S. Small Business Administration (SBA) via email, see 13 CFR § 124.502(c) and the Federal Acquisition Regulations (FAR) 19.804-2.) |
| a. Indicate brief scope of work to be done |
| b. Period of Performance |
| c. NAIC Code |
| d. Government $ Estimate of the Work |
| e. Email letter to: dcofferletters@sba.gov |
| 3. SBA District Office will accept offer within 5 business days. If no reply after 6 business days, eligibility and acceptance by SBA can be assumed. |
| 4. Agency provides RFP to Contractor, Contractor submits proposal, costs are negotiated. |
| 5. Agency makes award |
