Federal government contract to create boon for veteran-owned businesses.
The Veterans Technology Services Government-Wide Acquisition Contract (VETS GWAC GWAC Government Wide Acquisition Contract
GWAC Government Wide Agency Contract
GWAC Gross Weighted Average Coupon
GWAC Grid Wise Architecture Council ) will provide small Service-Disabled Veteran Owned Businesses (SDVOBs) $5 billion in federal market potential and go a long way in helping agencies meet their executive mandate according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. INPUT, the quantifiable leader in government market intelligence. The VETS GWAC is a ten-year set-aside contract, managed by the General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. (GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. ), designed to strengthen federal information technology (IT) contracting opportunities for small SDVOBs, a group that, to date, has experienced a relative deficit of federal business.
The VETS GWAC offers advantages to SDVOBs by providing opportunities to compete against a smaller group of contract holders, allowing self-marketing and a chance to develop their business before moving into larger acquisition environments. The VETS GWAC provides federal agencies pre-qualified industry partners in one easy-to-use contract vehicle and will help them meet their SDVOB SDVOB Service Disabled Veteran Owned Business contracting goals of three percent of federal spending. "Currently, SDVOBs are receiving less than half of one percent of all federal spending," said Ashlea Higgs, manager, vendor information products at INPUT. "Well- positioned small and mid-sized services companies in this business class will likely see rapid growth in the next two years as the government now has an easier way to procure services from them."
INPUT estimates that SDVOBs will receive almost $3 billion in federal contract awards annually by fiscal year 2009. "The VETS GWAC will not only change the face of set-aside business within the federal market, but will potentially re-shape strategic teams and affect acquisitions and entrants in the market space, thereby impacting many more businesses than just SDVOBs," stated Higgs. "Non-SDVOB contractors will continue to jockey for prime and sub-contracting relationships with SDVOBs as they are a business class with rapidly growing clout."
With proposals for the VETS GWAC due from contractors on Thursday, June 30, 2005, SDVOBs, particularly businesses already entrenched en·trench also in·trench
v. en·trenched, en·trench·ing, en·trench·es
1. To provide with a trench, especially for the purpose of fortifying or defending.
2. in the government space, will benefit from this quick federal action. INPUT estimates that only 50 SDVOBs received $1 million or more in federal IT prime contract business last year, with no small SDVOBs eclipsing $40 million in total prime contract federal IT spending. "The list of likely VETS GWAC prime contractors currently engaged in the federal market is small and well-defined and the likelihood of new entrants is high given their new set-aside status," added Higgs. "While most teaming arrangements for the VETS GWAC are solidified so·lid·i·fy
v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies
1. To make solid, compact, or hard.
2. To make strong or united.
v.intr. at this stage of the game, teaming relationships can change over the life of a contract. Participants on the new contract will have much greater exposure to government agencies and large vendors, making their partnering potential grow quickly."
INPUT is the quantifiable leader in government market intelligence. Established in 1974 and based in Reston, Virginia Reston is an internationally known planned community whose goal was to revolutionize post-World War II concepts of land use and residential/corporate development in American suburbia. , INPUT provides information services See Information Systems. , analysis, consulting, software solutions, and events to help technology vendors win more government business, and to help government organizations further advance their IT initiatives. INPUT tracks more than a half trillion dollars in contract and grant opportunities within the US federal, state & local government markets, as well as tender opportunities throughout the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the
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