Service Disabled Veteran Owned Small Business (SDVOSB)
More and more, government agencies are breaking up large contracts that are held by major government contractors and dividing those contracts into multiple smaller contracts with ‘set-aside’ status. The contract break up is forcing major contractors to find smaller set-aside contractors to work with which places 838 Inc. in a very good position to generate contracts.
On December 16, 2003, President Bush signed the Veterans Benefits Act of 2003 (Public Law 108-183). Section 308, Procurement Program for Small Business Concerns Owned and Controlled by Service-Disabled Veterans, amends the Small Business Act to establish a service disabled veteran-owned small business (SDVOSB) set-aside program that is essentially the same as the HUBZone sole source and set aside programs.
Set Aside Opportunities
Service-disabled, veteran-owned small-business contracting has increased from $8.2 billion in 2008 to $14.5 billion in 2012 — achieving a compound annual growth rate of 15 percent. The federal government is still falling short of the goal to award 3 percent of contract dollars to these types of businesses; it currently hits about 2.5 percent. But SDVOSBs are the only set aside where the government is consistently making year-over-year progress.
838 Inc. has Primed contracts for the Department of the Interior, Bureau of Safety and Environmental Enforcement as well as the U.S. Army. There are roughly 5 million Veteran Owned Businesses (VOBs) and approximately 500,000 Service Disabled Veteran Owned Small Businesses (SDVOSBs) in the United States that are competing for government business.
838 Inc. is currently pursuing many different opportunities as either the Prime contractor or Subcontractor with different Federal agencies and averages at least one proposal submission per month. 838 Inc. has focused on contracts where there is very little competition and has developed strategic partnerships to build past performance and generate revenue within the government contracting vertical.