What are the VOSB and SDVOSB Verifications?
The Veteran-Owned Small Business (VOSB) and the Service Disabled Veteran Owned Small Business (SDVOSB) verifications have similar requirements except the SDVOSB applicant must have a service-connected disability that has been determined by the Department of Veteran’s Affairs (VA) or the Department of Defense (DOD).
The VOSB and the SDVOSB are both specifically designed to assist veterans with their small businesses by establishing sole-source contracts and set aside opportunities that are issued by the VA. The program provides the VA with the authority to set acquisitions aside for exclusive competition among veteran-owned small business concerns. Veteran-Owned Businesses can apply for government contracts as well as take part in prime contractor partnerships with a 10% pricing preference.
What Are the VOSB/SDVOSB Eligibility Requirements?
Eligibility is based on the following criteria:
- The Veteran owned business must meet the SBA’s criteria as a small business under the North American Industry Classification System (NAICS) code assignment
- The veteran must unconditionally own 51% of their business
- The veteran must control the management and daily operations of the business
- The veteran must hold the highest managerial position in the business
With regard to the SDVOSB, conditions for award include providing the Department of Defense Form 214 which is issued upon a military service member’s retirement, separation, or discharge from active duty, as well as a letter from the US Department of Veteran’s Affairs stating that you are indeed service-disabled, or discharge papers from the branch of service that you were in stating that you have a service-connected disability.
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