Dash Global Inc

Understanding SDVOSBs Set-Asides in Government Contracting


service-disabled veteran

Eligibility Requirements for SDVOSBs

To qualify as an SDVOSB, businesses must meet specific criteria. First and foremost, the business must be at least 51% owned and controlled by one or more service-disabled veterans. Additionally, the day-to-day operations and long-term decisions must be managed by the service-disabled veteran(s). The disability must be officially confirmed by the Department of Veterans Affairs or the Department of Defense. It is also crucial for the business to qualify as a “small business” according to the standards set by the Small Business Administration (SBA).

The Benefits of SDVOSBs Set-Asides

The benefits of being an SDVOSB are substantial. Not only do these set-asides provide a competitive edge in bidding for government contracts, but they also open doors to networking opportunities with other government contractors and agencies. The U.S. government has a goal to award at least 3% of all federal contracting dollars to SDVOSBs each fiscal year, providing a significant market for these businesses.

government contract

Navigating the Application Process

The process of becoming a certified SDVOSB involves several steps. Business owners must first register their business in the System for Award Management (SAM) and complete the SBA’s Veteran Small Business Certification (VetCert) program. This certification serves as proof of eligibility and is essential for accessing set-aside opportunities. It is critical to ensure all documentation is accurate and up-to-date to streamline the application process.

Strategies for Success in Government Contracting

Once certified, it’s important for SDVOSBs to develop strategies that maximize their chances of securing contracts. Here are some key strategies:

  • Research Opportunities: Regularly check platforms like SAM.gov for available contracts and set-aside opportunities.
  • Build Relationships: Network with potential partners and key decision-makers in government agencies.
  • Leverage Resources: Utilize resources provided by organizations such as the SBA, which offers guidance and support to SDVOSBs.
veteran business owner

Overcoming Challenges

While SDVOSBs have access to unique opportunities, they also face challenges such as navigating complex regulations and maintaining compliance with government standards. It’s imperative to stay informed about changes in policies and to consider seeking legal or professional advice when needed. Many organizations provide mentorship programs that can assist SDVOSBs in overcoming these hurdles.

Conclusion

The world of government contracting is vast and filled with opportunities, particularly for those who understand how to leverage SDVOSB set-asides. By meeting eligibility requirements, effectively navigating the certification process, and employing strategic approaches, service-disabled veteran-owned small businesses can achieve significant success. These set-asides not only honor the sacrifices made by veterans but also empower them to contribute meaningfully to the nation's economy.