Overview of the Federal Procurement Process and Resources

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Overview of the Federal Procurement Process and Resources In the basic federal procurement process, acquisition personnel, after determining their agencies’ requirements (that is, the goods and services the agencies need), post solicitations on the federal government’s SAM.gov website. Interested companies prepare their offers in response to the solicitations, and, in accordance with applicable provisions of the Federal Acquisition Regulation (FAR), agency personnel evaluate the offers. Another type of procurement opportunity for a company is to serve as a subcontractor for a government contractor. To be eligible to compete for government contracts, a company must obtain a Unique Entity ID (UEI) number and register with the federal government’s System for Award Management (SAM).

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