Government Contracts for Service Disabled Veterans: How to Take Advantage of Opportunities
In an effort to provide employment opportunities and support for service-disabled veterans, the federal government has implemented a program that awards contracts to small businesses operated and controlled by disabled veterans. This program is called the Service-Disabled Veteran-Owned Small Business (SDVOSB) program.
This program allows small businesses that meet certain criteria to compete for federal government contracts that are set aside specifically for SDVOSBs. These contracts can provide a significant source of revenue and growth opportunities for small businesses owned by service-disabled veterans.
To qualify for the SDVOSB program, a small business must meet the following criteria:
– It must be at least 51% owned and controlled by one or more service-disabled veterans.
– The disabled veteran must have a service-connected disability, as verified by the Department of Veterans Affairs.
– The disabled veteran must manage the day-to-day operations of the business and be responsible for its strategic and policy decisions.
– The business must be considered small under the North American Industry Classification System (NAICS) code assigned to the procurement.
Once a small business is registered and approved as an SDVOSB, it can actively bid on federal government contracts that are specifically set aside for SDVOSBs. These contracts can include construction projects, service contracts, and supply contracts.
In order to successfully compete for these contracts, it is important for SDVOSBs to have a strong understanding of the federal procurement process and to be knowledgeable about the various agency requirements. Additionally, having a clear and concise capability statement and a strong online presence can also help improve the chances of securing contracts.
It is also important for SDVOSBs to take advantage of tools and resources available to help them navigate the procurement process. For example, the Small Business Administration`s (SBA) Veterans Business Outreach Centers provide training, counseling, and assistance to SDVOSBs looking to secure government contracts.
In addition to the SDVOSB program, the federal government also offers other resources and programs to help service-disabled veterans start and grow their businesses. These resources include access to financing, mentoring and counseling, and training and education programs.
In conclusion, the federal government`s SDVOSB program provides a significant opportunity for service-disabled veterans to start and grow their own businesses. By meeting the eligibility criteria, actively bidding on government contracts, and utilizing available resources and tools, SDVOSBs can successfully compete in the federal procurement process and secure contracts that can provide long-term growth and revenue opportunities.