SDVOSB — Familiarize Yourself with These Agencies
As part of the measures to comply with the provisions of Public Law 109-461, the government has set a goal of 3% procurement for service-disabled veteran owned small businesses. Two federal agencies are known to lead in government contracting with SDVOB: the Department of Defense (DoD) and the Department of Veteran Affairs (DVA). The two agencies have tripled government contracting with SDVOSB from fiscal year 2007 to 2014.
Status of SDVOSB government contracting with DoD
The Department of Defense hugely invests in service-disabled veteran owned small businesses, with procurements amounting to 7 billion USD during the fiscal year 2014. Such numbers are satisfactory, since last year was the first time that the department was able to reach the procurement goal set by the government.
Status of SDVOSB government contracting with DVA
The Department of Veteran Affairs ranks high in terms of the amount of money allotted for SDVOSB awards and the percentage at which the awards were given to service-disabled veteran owned small businesses. About 3.6 billion USD were allotted and 19% of the awards were given to SDVOSB. However, more is expected from the department when it comes to helping the service-disabled veteran owned small businesses to thrive. The Supreme Court is currently handling a case that aims to further intensify the department’s responsibility to pursue government contracting with SDVOSB.
Efficiency in government contracting with service-disabled veteran owned small businesses is also another aspect that should be taken into consideration. Some critics suggest that qualified SDVOSB contractors should be consolidated into a single program instead of verifying eligibility of each contractor one by one.
Other agencies that support service-disabled veteran owned small businesses
Even though great numbers are seen for the DoD and DVA, a satisfactory performance is also seen in other agencies when it comes to government contracting with SDVOSB during the fiscal year 2014:
- Department of Homeland Security – USD 824 million
- Department of Justice – USD 229 million
- Department of Health and Human Services – USD 228 million
- Department of Agriculture – USD 210 million
- Commerce – USD 192 million
Venture into Government Contracting with ARCHER JORDAN
If you are also handling service-disabled veteran owned small businesses, you might want to consider exploring business opportunities with the departments listed above. Part of government contracting is ensuring that the workers being hired in a project receive the proper benefits.
ARCHER JORDAN is a trusted third-party fringe benefits administrator. Contact us and let us help you out.