VOSB Status ensures Priority Access to Opportunities (at least 3% of prime contract dollars annually)
One of the biggest advantages of being identified as a Veteran Owned Small Business is the preference in contract bidding and the opportunity to network and find government agency opportunities. CFR#819.70
Set-aside contracts are a huge advantage too. There are two kinds of set-aside contracts: competitive set-asides and sole-source set-asides. To help provide a level playing field for small businesses, the government limits competition for certain contracts to small businesses. Those contracts are called “small business set-asides,” and they help small businesses compete for and win federal contracts. CFR#891.501-70
Competitive set-aside contracts When at least two small businesses could perform the work or provide the products being purchased, the government sets aside the contract exclusively for small businesses. With few exceptions, this happens automatically for all government contracts under $150,000. The Department of Veterans Affairs (VA) grants the highest priority to VOSB and SDVOSB for set aside and sole-source contracts. This procurement authority and its subsequent implementation is a logical extension of VA’s mission, to care for our nation’s Veterans. The VA refers to this program as the Veterans First Contracting Program (Per VA Acquisition Regulation Part 808, required sources of supplies and services for the priorities in acquisition). CFR#813.003-70Sole-source set-aside contracts Most contracts are competitive, but sometimes there are exceptions to this rule. Sole-source contracts are a kind of contract that can be issued without a competitive bidding process. This usually happens in situations where only a single business can fulfill the requirements of a contract. CFR#891.7007
Set-Asides allow you to move to the head of the line with priority recognition. If the contract is between $3,000 and $150,000, it’s automatically reserved for small businesses. SDVOSB/VOSB is the highest Set-Aside Priority for the VA and other Agencies and this new SCOTUS ruling also applies to contracts greater than $150,000?
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