But to those who own businesses that qualify for the SDVOSB set asides the term can be a lucrative one.
GSA Schedules and Your SDVOSB
Did you know that federal agencies are required to set aside certain funds to be spent specifically on projects performed by Service-Disabled Veteran-Owned Small Businesses?
You may also know that in years past federal agencies were often forced to scramble around looking for SDVOSB's to satisfy the set aside requirements. Often times agencies were unable to meet the set aside requirements and were penalized.
The GSA Multiple Award Schedule is designed to make it easier on federal agencies to find and contract with SDVOSB's and, thereby, avoid being penalized.
How Does A GSA Schedule Help SDVOSB's?
With the growing popularity of the GSA Schedule, a large number of SDVOSB set asides are now awarded through the GSA Schedule process.
This means that those SDVOSB's that have a Schedule Contract are able to take advantage of the monetary set asides while those business that do not have a Schedule are left out.
When a federal agency places an order under a GSA Schedule, the order is credited toward the ordering agency’s small business goals (including service-disabled veteran-owned small business goals).
Other GSA Schedule Set Asides
Federal agencies may receive credit under GSA Schedules when they contract with veteran-owned small businesses, HUBZone small businesses, women-owned small businesses, and small disadvantaged business schedule contractors.