Products June 12, 2004

SBA Launches Electronic Procurement Tool

December 30, 2002 (PLANSPONSOR.com) - The US Small Business Administration (SBA) has announced the launch of SBAExchange Pilot Program to facilitate small business e-procurement opportunities.
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SBAExchange was developed to improve the efficiency and accountability of the current government procurement process.   The electronic tool will allow government agencies to award simplified acquisitions up to $100,000 and to make purchases and payments electronically with the Government-widecommercial purchase card. 

The annual cost to participate in the SBAExchange Pilot Program is $1,500.   Additionally, a transaction fee of 2% will be added to all orders.   The first 2,500 small businesses to sign up, prior to January 1, 2003, will receive a $450.00 discount.

Small businesses wishing to participate, must first obtain an Internet-based Supplier Web Site from  www.sbaexchange.gov .   Once registered a small business will receive:

  • A fully hosted, supplier branded, e-commerce website
  • Exposure to federal buying authorities, large federal prime
    contractors and other large buying officials
  • An electronic catalog
  • A centralized order management system for receiving and processing
    Internet- based orders from federal, state, local and commercial buying
    authorities
  • A management system for tracking new business, creating and
    submitting quotes
  • Assistance in managing the new site

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