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What is a Service-Disabled Veteran Owned Small Business (SDVOSB)?
A Service-Disabled Veteran Owned Small Business (SDVOSB) is a corporation that is owned by a service-disabled veteran, meaning a veteran who has served in the armed forces and has been discharged due to injuries sustained during their service.
SDVOSB’s are part of a federal set-side category for government agencies/contracts. This is due to the Executive Order 13360 that was issued in October of 2004. The executive order was issued to strengthen/increase opportunities in federal contracting and subcontracting for Service-Disabled Veteran Owned Businesses. This then was followed by Public Law 106-50 which states that federal agencies must award 3% of their contracts to SDVOSBs.
Partnering with a Woman – Owned, SDVOSB company such as, Lean Up LLC dramatically increases your chance to win contract awards. Since opportunities contain set-aside requirements that allow only small businesses to respond as the prime contractor, a partnership with an SDVOSB would provide the highest contracting status, limit the competition available and strengthen your likelihood for success.
From the viewpoint of government agencies, these partnerships are also more desirable since companies can use their unique capabilities to offer the best combination of performance, cost and delivery. In short, you’re more likely to win a contract with Lean Up LLC, as the prime or subcontractor since many opportunities require a small business. As a result, this restricts the pool of possible competitors, and it allows the two companies to share the risk of the project.
Being an SDVOSB company offers many advantages. First, some agencies favor companies with the SDVOSB status. The VA, for example, sets priority for SDVOSBs, which means that each set-aside or sole source contract created by the VA goes directly to a qualified SDVOSB. In addition, DoD contracting officers tend to prefer SDVOSB companies since the SDV better understands the military’s needs. There are not many companies, in general, that are SDVOSB certified. This presents Lean Up LLCwith ample opportunities for sole source and set-aside contracts.
For your next project, choosing to partner with an SDVOSB company will greatly improve your chance of winning the contract award. If you want to know more about how, Lean Up LLC can help you with your next contract, please contact us.
Nicole Pope – CEO, Lean Up LLC