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Veterans Administration Increases VOSB and SDVOSB Small Business Spending Goals

You may recall a landmark court case three years ago that made it all the way up to the Supreme Court; a service-disabled, veteran-owned small business (SDVOSB), Kingdomware Technologies, took on the Veterans Administration (VA) over “the rule of two”. The rule of two, which is laid out in Congress’ 2006 Veterans Act, states that if the VA finds that there are at least two veteran-owned small businesses (VOSB) or SDVOSBs capable of doing the work, the contract must be set aside. The Supremes ruled that the VA was not following the statute as it was intended and gave the victory to Kingdomware. Veterans Administration increases set aside budget

Thanks to that case setting the precedent, the VA has recently increased its goals by 5% for both VOSB and SDVOSB, making the award goal at least 17% of total contract dollars to VOSBs and 15% to SDVOSBs. This is great news for small businesses.

The VA has already been doing well with its goals. For the 2017 fiscal year, a total of $26.1 billion was spent on procurement. VOSBs were obligated $5.4 billion of that (20.6%) and SDVOSBs were awarded $5.1 billion 19.5%.

To read more about Veterans Administration opportunities and analyst updates on new VOSB and SDVOSB opportunities, please visit this link if you are an EZGovOpps subscriber (you must be signed in), or sign up for a free trial today.

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