February 22, 2017
VA SDVOSB Reverification: Now Every Three Years, Not Two
Source: SmallGovCon, Steven Koprince, February 22, 2017
SDVOSBs and VOSBs will only be required to obtain reverification every three years under an interim final rule adopted yesterday by the VA.
The VA’s new rule replaces the prior rule, which required reverification every two years. The purpose of the change? To “reduce the administrative burden on SDVOSB/VOSBs regarding participation in VA acquisition set asides for these types of firms.”
When the VA originally finalized its SDVOSB/VOSB program in 2010, VA “anticipated that annual examinations were necessary to ensure the integrity of the Verification Program.” But the VA soon had second thoughts. In 2012, the VA adopted a two-year program term.
Now, the VA believes that even a biennial reverification is unnecessary. The VA explains that data from Fiscal Year 2016 “shows that out of 1,109 reverification applications, only ten were denied.” Therefore, “only 0.9 percent of firms submitting reverification applications were found to be ineligible after two years.” READ MORE….
Contact your nearest PTAC to learn about the VA SDVOSB certification program and government contracting.
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