DUN and Bradstreet, often referred to as D&B, is a provider of credit information on potential business process and corporations. However, it is best known for its Data universal Numbering System or DUNS identifiers assigned to over 150 million global companies in need of GSA schedule. DUNS is actually the segregation of Business Information Report that broadly include the history of principal, the extended credit terms, owner’s trade experiences, start date, financial details including cash on hand, net worth etc., UCC Filings, social status and legal records, terms to liabilities, volume of sales, employee number and even the location and type of building in which the company is situated.
The DUN System is one most essential criterion in GSA contract. Apart from Federal agencies it is utilized by the major banks, lenders, insurance and various other finance companies endorsed by the European Union as an authentic source of identification. It also measures the company’s financial stability and capability to take the burden of GSA contracts. Paydex Score, Commercial Credit Score and the Financial Stress Score are some of the subsidiary products that augment the DUN and Bradstreet Rating.
According to the GSA consultants it is wise to maintain a good D&B Rating to keep up the successful operation of any business. There are some companies that offer comprehensive idea and information about all such federal requirements needed for GSA schedule. So, it is always advisable to get online and find some knowledge prior to applying for the GSA services.
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