The Benefits of doing your SAM Renewal early!
To receive Federal Contracts, it is required that your business be registered in the SAM.gov system (or the System for Award Management). Having less than 60 days remaining on your Federal SAM Registration significantly reduces your chances of getting awarded a contract after placing your bid. Not updating the registration before this date may delay Federal payments, and will inevitably affect your future Federal contracts. Being that the systems do not update instantly after renewal, it is ideal to renew 14 added days before your actual renewal date. In order to maintain your “active” status, after either an address or POC change, you will need to renew at 74 days ahead of your actual renewal date (60 days to keep you valid, and 14 additional for insurance). Don’t let a a lapsed SAM be your downfall, start your SAM Renewal today!