The published list also reminds us that very little can be hidden from the public in the work of the state. Companies applying for the program should keep in mind that their agreement will be published. This can affect your other relationships, especially if you have a team agreement or joint venture with another party. It could also have legal consequences, for example. B when it is a non-compete clause for an organization or staff member. In addition, your competitors know who you are working with and will study the relationship to see if they can use this relationship to triple you, for example by making allegations of organizational conflicts of interest at auction events. From a collection/business development perspective, you should analyze the list to determine if your competitors are included in the program. If you are, you should take into account that if your competitor is a small business, you may have to compete with the past performance of the great business mentor behind them in set-aside contests, as well as if you are a large company, pay attention to your large business competitors who are mentors, as they may be strategically positioning opportunities to be published under specific socio-economic competition. The April 5 list shows that there are approximately 90 active All Small Mentor-Protected agreements that cover a large number of major industry classifications.
All the main socio-economic categories (small businesses, 8a), SDVOSB, HUBZone, EDWOSB and WOSB) are represented. But the SBA`s All Small Mentor Protected Program offers large companies the opportunity to deal with small businesses in which the two companies can jointly track these decommissioning contracts. The goal of the program is to encourage large businesses to work with small businesses to increase and enhance the skills of small businesses. In doing so, large companies can compete for this pool of previously inaccessible contracts. Analyzing these problems before submitting your application can avoid a lot of headaches on the street. We will cover further observations as the list increases. Meanwhile, proteges must qualify as small under the North American industry classification system code. If the protégé wants to develop into a second code, he must identify that code as a code in which he seeks help for business development. However, this is not a carte blanche authorization to enter a new market, as “SBA will not approve a mentor-protected relationship in a secondary code where the company has no prior experience,” the regulation states. The proteges, like many small businesses, have the problem of needing financial resources, but not on experience, history, credit or other conditions to access these resources.
Mentors can help alleviate many of these concerns. For example, the history of a mentor`s contract can help an otherwise unqualified protégé achieve higher commitment limits. A mentor`s financial history can also help mentors get more favourable credit limits or credit terms. The mentor`s presence not only provides immediate assistance to the protégé, but also helps the protégé establish a trend line demonstrating his or her ability to cope with more important financial tasks. Over the past three fiscal years, the Department of Defence has allocated more than $77 billion to small businesses through programs generally managed by small business administration. Therefore, large companies are not prohibited from competing with these contracts. Each mentor must meet the four requirements imposed by the SBA. First, a mentor must be “in a position to assume his or her responsibility to support the protection enterprise under the proposed tutoring-protected agreement.” Second, mentors must have good character. Third, the mentor should not be on the federal list of suspended or suspended contractors. Finally, the mentor must be able to “give value to a protégé on the basis of experience gained and practice or through his knowledge of the