Printer Friendly

American forces press service (May 6, 2004): new small business rules to benefit Service-disabled vets.

WASHINGTON -- A new procurement program boosts federal contract opportunities for Service-disabled veteran-owned small businesses, Small Business Administration officials here announced May 4.

The interim rule was published May 5 and is effective immediately. The Federal Acquisition Regulatory Council concurrently released regulations implementing the program, officials said.

"President Bush has made it a priority to reach out to all of America's entrepreneurs, and we have a special responsibility to make an effort for those who sacrificed for our safety and freedom," said Hector V. Barreto, SBA administrator in announcing the program May 4. "We have made a strong effort to do precisely that."

Federal contract dollars to Service-disabled veterans increased from $298 million in fiscal 2002 to $510 million in fiscal 2003, Barreto said. "But we want to do more," he added. "The regulations being issued today will ensure that those great Americans who served our country proudly continue to have fair and open access to contracting opportunities."

Officials explained the new rule adds provisions to the Code of Federal Regulations that will allow contracting officers to restrict contract awards to small businesses owned by Service-disabled veterans when there is a reasonable expectation that two or more such small businesses will submit bids at a fair market price.

Small businesses owned by Service-disabled veterans can be awarded sole-source contracts when there is not a reasonable expectation that two or more such firms will submit bids and the anticipated contract price does not exceed $3 million, or $5 million for manufacturing contracts, officials said.

The interim rule allows small businesses to self-certify as Service-disabled veteran-owned businesses, officials said, and any challenge to a firm's status or standing must be referred to the SBA for resolution. The SBA will rely upon existing Department of Veteran's Affairs or Department of Defense determinations regarding status and will help enforce penalties for false representation, officials added
COPYRIGHT 2004 Defense Acquisition University Press
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:In the News
Publication:Defense AT & L
Geographic Code:1USA
Date:Jul 1, 2004
Words:310
Previous Article:Jassm gets go-ahead for full-rate production (April 23, 2004).
Next Article:DAU West Region officially opens Headquarters in San Diego.
Topics:


Related Articles
Not all expenditures to aid the disabled qualify for credit. (Credits Against Tax).
DAV national service director Ken Wolfe retires. (DAV Service).
The strong, violent type. (Flip Side).
Disabled veterans, the state, and the experience of disability in Western societies, 1914-1950.
Federal government contract to create boon for veteran-owned businesses.
Our government's obligation to veterans:.
Commitment to new disabled veterans.
Veterans' jobs programs lagging.
Veterans' critical needs.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters