Veteran Benefits in the Federal Marketplace: A Quick Overview

First and foremost, while any U.S. business owner can register to work with the federal government, the Federal Marketplace opportunities available to you will be much more valuable and easier to access if your company has a veteran-owned small business (VOSB) or a service-disabled veteran-owned small business (SDVOSB) certification.

The Benefits of Being a VOSB or SDVOSB

VOSB organizations, for example, are offered particular benefits such as:

·         Exclusive access to 3% of yearly federal contracts

·         Additional contracts in the private sector have been set aside.

·         Open-bid contract bidding preferences

How to determine whether you’re Eligible for a VOSB or SDVOSB Certification

The most important eligibility requirements for both VOSB and SDVOSB certifications are that organizations have a 51 percent majority ownership of full-time veteran managers who handle day-to-day operations that they qualify as a small business and that they navigate complex application processes to accurately represent their business status.

Tips on How to Apply for a VOSB/SDVOSB

Ways to Get Things Moving Faster

The entire VOSB/SDVOSB certification procedure takes anything from 30 to 90 days on average.

The length of time it takes for you to get certified is mostly determined by the volume of the certifying body that serves your industry, but there are a few additional factors at play that business owners can influence.

Make improvements to your business presentation

The professionalism with which you present your company's documented information has a direct bearing on how quickly it can be processed.

Filing technicalities and administrative misunderstandings may often bog down the underwriting part of a SDVOSB certification application, which is why it's critical that your business information is simply arranged and easily readable.

Keep in touch with your Registration Specialist and be responsive and compliant.

It's been said before, but it's worth repeating.

The speed and efficiency with which business owners respond to their registration specialist's demands will have the greatest impact on the overall effectiveness of a VOSB/ SDVOSB certification application. When action is required on your part, do your best to keep in close contact with your specialist, just as they should do with you.

On that note, check client testimonials and reviews from reputable sources to guarantee the registration services you deal with are of the professional quality your company deserves.

Even if you work with a top registration service, knowing how long things should take and what you can expect from yourself will help you have a smooth SDVOSB certification process.

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