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 The Veterans Entrepreneurship and Small
Business Development Act of 1999 set an annual
government-wide goal of 3 percent of the total value of all
prime contract and subcontract awards for each fiscal year
for small business concerns owned and controlled by
service-disabled veterans.
There are no
special programs for Veteran Owned Small Businesses with
other federal agencies besides the VA. Other federal
agencies only have programs for Service Disabled Veteran
Owned Small Businesses in accordance with the Veteran
Entrepreneurship and Small Business Development Act of 1999.
This Act allow Veteran Owned Businesses to get awarded
contracts with less competition. They only have to
compete with other Veteran Owned Businesses.
The VA also have a "Veteran
First Contracting Program". What this means is
that Service Disabled Veteran Owned Businesses (SDVOSBs) and
Veteran Owned Small Businesses (VOSBs) will be considered
first and second respectively in awarding contracts to
satisfy the VA procurement requirements. Key elements
to the program includes:
1. It allows
Allows sole source
contracts over the Simplified Acquisition Threshold up to
$5,000,000 (including options)
2. Authorizes large VA prime contractors to
obtain subcontracting credit for SDVOSBs and VOSBs only when
they subcontract with verified firms in VIP
Once you have complied with the
Veteran Certification
requirement
you also have to comply
with
federal requirements for
contracting.
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