The eligibility criteria for Service-Disabled Veteran-Owned Small Business (SDVOSB) sole source awards are established by the Small Business Administration (SBA) and the Federal Acquisition Regulation (FAR). Here are the key eligibility criteria for SDVOSB sole source awards:
- SDVOSB Certification: The business must be certified as a Service-Disabled Veteran-Owned Small Business (SDVOSB) by the Department of Veterans Affairs (VA) or another approved certifying entity.
- Service-Disabled Veteran Ownership: The business must be at least 51% owned and controlled by one or more service-disabled veterans. This means that the service-disabled veteran(s) must hold the majority ownership interest in the business and have control over management and decision-making.
- Service-Disabled Veteran Management: The day-to-day management and operations of the business must be controlled by one or more service-disabled veterans. These individuals must have experience and expertise in the industry in which the business operates.
- Size Standards: The business must meet the size standards set by the SBA for its primary industry. These size standards are based on the number of employees or annual revenue of the business.
- Good Standing: The business must be in good standing with all applicable federal, state, and local regulations and requirements.
- No Expectation of Competition: The contracting officer must determine that there is only one qualified SDVOSB capable of performing the contract. This means that the contracting officer does not anticipate receiving offers from multiple SDVOSBs for the same contract.
- Fair and Reasonable Pricing: The contracting officer must determine that the proposed contract price (including options) is fair and reasonable.
It’s important to note that these criteria are subject to change, and businesses should consult the most current regulations and guidance from the SBA and the VA to ensure compliance. Additionally, specific agencies or contracting officers may have additional requirements or preferences when considering sole source awards for SDVOSBs.
Contact SDB Growth at https://sdbgrowth.com/contact for more information.