There’s no surprise that as a small business owner, you are willing to increase your market share. To do so, it is very much essential to have SAM registration.
It is considered the initial step towards doing business with the U.S. government. You need to register your business with the federal government vendor database to access government grants and contracts.
Once you register your business with SAM, you can take advantage of opportunities to expand your industrial presence.
If you already have a listing in the System for Award Management and need to complete the SAM registration renewal process, then you must be aware of a few facts. Let’s delve into this article and know why SAM Registration Renewal is essential for your business.
Why Does Your Business Needs SAM Registration Renewal?
The System for Award Management (SAM) is a massive system that is constantly evolving. The government stores contractor credentials, federal procurement systems, and a variety of other federal programs in one central location named the SAM system.
The federal government suggests everyone renew their SAM registration annually. It is a great way to ensure that the database contains the most accurate and updated information.
Remember one thing, the SAM registration is not eligible for auto-renewal. So, you should have to manage the SAM registration renewal process manually and it can be a time-consuming task.
How Often Do Businesses Opt for SAM Registration Renewal?
The initial SAM registration is only valid for a year since it gets approval from the federal government. Due to its meticulous process, you should begin your company’s SAM registration renewal months before the 365-day mark from when you last registered. However, if the company's data changes throughout the year, you must immediately rectify your SAM registration renewal.
While having an ongoing SAM renewal process in place, it is beneficial to secure your business contracts available during the current registration period. SAM registration renewal status may serve as a distinguishing factor when evaluating competing businesses for federal contracts.
How Much Does It Cost for SAM Registration Renewal?
Have you ever got an email, text message, or phone call from any company for SAM registration renewal? Be careful. Do not pay any cash to register or renew your SAM. It is absolutely FREE to sign in to SAM.gov to complete the SAM registration renewal process.
How Much Time It Will Take to Renew Your SAM Registration?
Once you complete your SAM registration, your application will immediately transfer to the CAGE/NCAGE for validation. The overall procedure will take up to 10 business days to complete.
How to Check Your SAM Registration Status?
Do you want to know the status of your SAM registration to make sure whether it is time for renewal or not? Or do you want to have a look at the entry for your record in the public database? Well, there are three different ways to check the records, depending on your registration circumstances:
Process 1:
Condition: Your Business Registration is Currently Active
Browse through www.sam.gov
Click on the “Search” button available at the top-left menu bar.
Put your entity name, DUNS number, or CAGE code to check the record.
Process 2:
Condition: Your Business Registration Has Expired
Browse through www.sam.gov
Click on “Search Records”
Check the “Inactive” box.
Search the record by using your Entity name, DUNS number, or CAGE code.
Process 3:
Condition: Your Business Previously Declined Public Search Addition
Browse through www.sam.gov
Go for Login by using your username and password.
Alter your role.
Click on “Register/ Update Entiry”.
Lastly, go through “ Complete Registration” and Click.
How to Process Your SAM Registration Renewal?
After checking the SAM registration status of your business, you can now choose the proceed further with the renewal. The entire process is available free of cost. But the SAM registration renewal procedure is quite daunting and time-consuming. So, if you want to save time and avoid mistakes, get in touch with a third-party service provider.
Go to www.sam.gov
Insert your login information.
Click on “Register/Update Entity”.
Go to “Complete Registration” and click.
Check out the “Entity List” column, and click on the organization you want to renew.
Access the “Registration Details” panel and click “Update Entity”.
Fill in the “The Purpose of Registration” column.
Go through the “Core Data”. Check the details and update.
Check out the “Verify DUNS Information” button in SAM and choose “Refresh D&B Data’ once you have completed all necessary modifications.
Fill in the required field and then click “Submit”.
Once the new, updated SAM registration becomes active, they will send a notification to your email. Check it for confirmation.
Need Help? We Are Here to Assist
SAM registration processes and requirements are always changing. As a business owner, you should keep yourself updated with the SAM system changes. If you are unaware of the updated details or want to save your precious time, ask us for help. We are a leading consulting firm, assisting clients with SAM registration renewal for years. So, contact us and get access to a diverse range of federal contracts.