Building a Capability Statement
How to Building a Capability Statement. A Capabilities Statement tells potential clients who you are, what you do, and how you are different from your competitors. We recognize the important contributions made by small, veteran, and minority and women-owned businesses to the economy. The objective of the Small Business Resource Effort is to provide information and the tools small vendors need to become better positioned to compete for contracts and subcontracts. You can download custom capability statement templates from capabilitystatementlab.com
What is a Capabilities Statement and how to build it?
A Capabilities Statement is a snapshot of your company that serves as a resume for your business.
Capabilities statements are used to compare you with other vendors:
- Many government agencies require that a Capabilities Statement be submitted with bids.
- Similarly, prime contractors can require potential subcontractors to submit capabilities statements before doing business with them.
The information in Capabilities Statements can be valuable when used in brochures, websites, and other promotional literature. Know more about the capability statement here.
How to Build a Capability Statement Contents
Include the following information in your Capabilities Statement:
- Core competencies:- Introduce the company’s core competencies and relate those to the customers’ specific needs.
- Past performance:- Describe similar work you have performed for past customers.
- Differentiators:- Discuss unique techniques or approaches that are part of your business.
- Corporate data:- List your business details:
Facilities or Office Locations. List all significant and strategically placed office locations.
Company data:- Include the size of your firm, your revenue, your available resources, your insurance and bonding capacity, and the typical geographic area you serve.
Contact information:- Include physical address, contact person details, office telephone, office fax, email address, etc.
Relevant codes:- List DUNS, CAGE, NAICS, NIGP, or other codes.
Building a Capability Statement will help you to stay successful in this market.! Five years ago, no one knew what a Capability Statement was, and now, it is a critical tool to help you be as successful as possible, no matter what size company you represent.