Government contracting companies that seek preferential treatment as Veteran-Owned or Service-Disabled Veteran-Owned Small Businesses will have to first verify their status through VA.
Under the 2010 Veterans Benefits Act, VA has undertaken the responsibility of ensuring that small businesses competing for set-aside contracts are in fact eligible for these contracts. This new development applies to companies currently listed in VA’s Vendor Information Pages database. Since mid-December of last year, the agency has begun to contact more than 13,000 businesses to notify them of the new deadline. Companies have a 90-day window upon notification to submit supporting documentation or they will not be listed in the database. The verification process requires businesses to provide a list of the company’s owners, the percentage of ownership for each individual, and other related information.
According to VA Secretary Erik Shinseki, “Although the verification process may initially be a challenge to some small business owners and to VA, it’s a necessary step to eliminate misrepresentation by firms trying to receive contracts that should go to service-disabled and other Veteran-owned vendors.”
For more information, please visit: http://www.va.gov/OSDBU/veteran/verification.asp