SDVOSB
KOMPSYS is proud to be a Service Disabled Veteran Owned Small Business (SDVOSB).SDVOSB means Service-Disabled, Veteran-Owned Small-Business. To classify as an SDVOSB, more than 51 percent of ownership must be by a service-disabled veteran, and the management/daily business operations must be controlled by one or more service-disabled veterans. KOMPSYS is owned and operated 100 percent by Service Disabled Veterans.
Legislative Acts Affecting SDVOSB's
Federal procurement direction for SDVOSB's were created by two legislative acts: The Veterans Entrepreneurship and Small Business Development Act of 1999 (Public Law 106-50), and the Veterans Benefits Act (VBA) of 2003 (PL 108-183).
The Veterans Entrepreneurship and Small Business Development Act of 1999 (Public Law 106-50) established an annual government-wide goal of not less than three percent of the total value of all prime contract and subcontract awards for participation by small business concerns owned and controlled by service-disabled veterans. It did not contain a provision to restrict or "set-aside" contracting opportunities for service-disabled veterans.
The Veterans Benefits Act (VBA) of 2003 (PL 108-183) added, in addition to other provisions, a contracting mechanism (see Mechanisms Explained on the next page for more information) to enable agencies to reach the 3 percent prime contracting goal established in 1999. Section 308 of the VBA of 2003 established a sole-source and set-aside procurement program for service-disabled, veteran-owned small business concerns.
Mechanisms Explained
Two mechanisms exist within section 308 of the Veterans Benefits Act (VBA) of 2003 to better serve SDVO Contracting, LLC. They are related to Sole-Source Contracts and Restricted Competition.
Sole-Source Contracts – In accordance with this section, a contracting officer may award a sole-source contract to any small business concern owned and controlled by service-disabled veterans if -
1.) The contracting officer determines that you are a responsible contractor and that it is unlikely that two or more SDVOBs would submit on the contract;
2.) The award price will not exceed -
(A) $5,000,000 for manufacturing
(B) $3,000,000 for other contract3.) The price is fair and reasonable.
Restricted Competition – In accordance with this section, a contracting officer may award contracts on the basis of competition restricted to small business concerns owned and controlled by service-disabled veterans if the contracting officer has a reasonable expectation that not less than two small business concerns owned and controlled by service-disabled veterans will submit offers and that the award can be made at a fair-market price.
Home