We will provide a dedicated Registration Specialist to you to physically process the government registration paperwork for the organization. They will ensure proper filing and assignment of all NAICS/PSC/FSC Codes/etc. We have found that many of organizations who attempt the process on their own without assistance end up being non-compliant due to incomplete registrations, code misclassification, omissions and other common errors.
The System for Award Management is the payment processing system the Federal Government uses to approve and disperse Federal Funds. S.A.M. Registration is needed by: Government Contractors, Grant Recipients, Assistance Recipients, Cities, Towns and Federal Agencies themselves.
The United States Federal Government requires all SAM Registrants to conduct an annual and/or semi-annual renewal of their registration and/or certification in order to maintain the most up-to-date data system possible. Any changes or new additions to an entity should be updated in a reasonable time frame. Organizations that fail to conduct the mandatory annual renewal process are at risk of being denied Federal contracts/awards/funding. Organizations that fail to update necessary Entity Management Core Data will automatically be considered Non-Compliant. Any lapse in the SAM registration may also place a hold on funds payable to your organization. USBRI ensures to notify you at 90/60/30 days prior to expiration in order to avoid such a lapse. Many Federal Awards require an organization to have at least 90 days validity when awarding a contract to an organization.
In order to be eligible for a Federal Contract, Award, Assistance or Grant; organizations must have an active compliant SAM Registration in place. Once an organization has that in place, they will have the ability to be eligible for, view, bid on and be awarded Federal Contracts, Awards, Assistance and Grants.
To officially be considered as a small business and gain access to mandated 23% Small Business Set-a-Sides, organizations must complete the SAM Registration and Certification process. A business size is determined by the proper assignment of NAICS Codes, average annual revenue and number of full time employees.