Government and Corporate Contracting Information
Here is a basic checklist for businesses seeking to provide goods or services to federal, state, and local government agencies, as well as corporations in Mississippi.
1. Business Registration & Structure
- Legal Business Name: Must be registered with the Mississippi Secretary of State.
- Taxpayer Identification Number (TIN) or Employer Identification Number (EIN): Issued by IRS.
- D-U-N-S Number: Unique nine-digit identifier required for federal contracting.
- Business Licenses: Ensure all local and state business licenses are current.
2. Government Registration
- System for Award Management (SAM) Registration: Required for federal contracts.
- Mississippi Accountability System for Government Information and Collaboration (MAGIC) Registration: For state contracts.
- State and Local Vendor Portals: Register as a vendor in the Mississippi state and local procurement portals.
3. Certifications
- Small Business Certifications (SBA): If applicable, certifications like Small Business (SB), Small Disadvantaged Business (SDB), or Women-Owned Small Business (WOSB).
- Minority Business Enterprise (MBE), Disadvantaged Business Enterprise (DBE), Veteran-Owned Small Business (VOSB), Service-Disabled Veteran-Owned Small Business (SDVOSB): If applicable.
- Mississippi Minority Business Certification: For businesses owned by minorities, this can enhance state/local contract opportunities.
4. Financial Documents
- Tax Returns: Recent years of business tax returns.
- Financial Statements: Balance sheets and income statements.
- Banking Information: For payment processing, include a voided check or direct deposit forms.
5. Insurance Requirements
- General Liability Insurance: Meet the minimum coverage levels required by the agency.
- Workers’ Compensation Insurance: If your business has employees.
- Professional Liability Insurance: If applicable to your industry (e.g., consultants, legal, medical).
- Auto Liability Insurance: If vehicles will be used for services.
6. Bonding (if required)
- Performance Bonds: For some contracts, particularly construction or high-value services.
- Bid Bonds: Sometimes needed to bid on contracts.
7. Capability Statement
- A one-page document summarizing your business, core competencies, past performance, differentiators, and contact information.
8. Past Performance Documentation
- References: Include previous projects with government agencies or corporate clients.
- Client Testimonials: Letters of recommendation or testimonials from prior clients.
9. NAICS Codes
- Ensure your business is classified under the appropriate North American Industry Classification System (NAICS) codes related to the goods or services you offer.
10. Health and Safety Compliance (if applicable)
- Occupational Safety and Health Administration (OSHA) Compliance: Ensure your business complies with OSHA requirements, particularly involving manufacturing or construction.
11. Compliance with Equal Employment Opportunity (EEO) Regulations
- Affirmative Action Plan: For federal contractors exceeding certain thresholds.
- EEO-1 Report: For businesses with more than 100 employees.
12. Mississippi Procurement Programs
- Mississippi Procurement Technical Assistance Program (PTAP): Consider enrolling for assistance in navigating government contracts.
- Disadvantaged Business Programs: Specific to state-level opportunities, such as Mississippi Dept. of Transportation DBE program.
13. Additional Corporate Requirements
- Corporate Certifications: Many corporations may require ISO or other industry-specific certifications.
- Sustainability or Environmental Certifications: Particularly for businesses providing goods or services related to energy, construction, or manufacturing.
14. Training Requirements
- Attend Procurement Training Workshops: Offered by PTAC or SBA to ensure compliance and awareness of specific government procurement processes.
This checklist provides a general overview, but individual agencies or corporations may have additional requirements.
Always review the Request for Proposals (RFPs) or Request for Quotes (RFQs) carefully to ensure compliance with specific requirements.