In order to be eligible for the SDVOSB or Service Disabled Veteran Owned Small Business Certification, you must have a service related injury that has been determined by the Department of Veterans Affairs or Department of Defense. Besides, the business opting for the small business 8a must be small as per SBA standard and the North American Industry Classification System (NAICS) code assigned. Being disabled veteran if you are doing the business in partnership, you must have at least 51% ownership to the business. However, apart from these essential criteria, the 8a requirements are huge and you have to meet them perfectly in order to participate into the federal contact procurement program.
The purpose of the Service Disabled Veteran Owned Small Business Procurement Program is to provide procuring agencies with the authority to set acquisitions aside to conduct an exclusive competition among the federally approved service disabled veteran owned small business companies. Also, if certain conditions are met, the agencies are given authority to make sole source awards to service-disabled veteran-owned small business companies.
Well, the number of contracts assigned is pretty less than the number of service inured veterans applies. So, being an applicant you have to stay competitive to beat your competitors. This is the reason why professional small business consultants are now popularly being hired by the entrepreneurs. As people are increasingly coming into business and opting for the federal 8a program, it is not a very tough task to find an efficient consultant. All you need to do is a little research online. Most of the professionals provide business support and Minority certification guidance through remote helpdesk.
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