Sole Sourcing For Service Disabled Veteran Contractors
Over the years, federal contracting agencies have struggled to meet small business goals for Service Disabled Veteran-Owned Small Businesses (SDVOSB) and Veteran-Owned. Government contract law had since changed to allow set-asides and very rare sole sourcing availability. President Obama has now launched a new incentive to strengthen sole sourcing power for SDVOSB across the country.
The President finalized acquisition rules through Executive Order to clarify that a contracting officer can award a sole-source contract to a service-disabled, veteran-owned small business (SDVOSB), even if there is more than one company that can perform the work.
The contracting officer can make the sole source award to that SDVOSB, as long as the officer expects to receive no bids from another SDVOSB, according to the amendment to the Federal Acquisition Regulation. The new rule was published in today’s Federal Register.
Government contracts for SDVOSB will more than likely soar given this new initiative. If you are a SDVOSB, you should seeking competent advice and not fall prey to ethical violations and FAR violations. Contact the attorneys at Theodore Watson & Associates, LLC for more information or call 1-866.601-5518.
