AMERICAN PLAQUE COMPANY IS A VETERAN OWNED SMALL BUSINESS
As a Veteran Owned Small Business (VOSB), our company offers strategic opportunities to partners and government clients to meet or exceed contracting requirements. The American Plaque Company believes strongly that our capabilities, expertise and client focus provide important differentiators that drive our service offerings. Our VOSB status further enhances our profile and our ability to offer strategic value.
WHAT IS VOSB STATUS?
U.S. Executive Order 13360 requires that the federal government aim to procure three percent of the total value of all prime contract and subcontract awards to VOSBs each fiscal year. Government contracting officers may restrict competition to VOSB companies and award a sole source or set-aside contract to VOSB to meet this requirement.
WHAT DOES VOSB STATUS MEAN TO CONTRACTING OFFICERS AND PRIME CONTRACTORS?
The purpose of the VOSB Procurement Program is to provide procuring agencies with the authority to set acquisitions aside for exclusive competition among VOSBs, as well as the authority to make sole source awards to VOSBs if certain conditions are met. Any business conducted with Valsys as a vendor allows you to fulfill the government contractual set-aside requirement. The 3% goal flows down to prime contractors as well.
WHEN CAN A CONTRACTING OFFICER DESIGNATE A CONTRACT AS A SET-ASIDE FOR A VOSB?
A KO may set-aside a procurement if:
1. The requirement is not exempted from VOSB contracting, the KO considers setting aside the requirement for 8(a), HUBZone, or VOSB participation before considering setting aside the requirement as a small business set-aside.
2. There is a reasonable expectation that at least two responsible VOSBs will submit offers.
3. The award can be made at a fair market price.
WHEN CAN A KO DESIGNATE A CONTRACT AS A SOLE SOURCE CONTRACT FOR A VOSB?
A KO may designate a procurement as sole source if:
1. If the requirement is not exempted from VOSB contracting and cannot be set-aside.
2. The KO does not have a reasonable expectation that at least two responsible VOSBs will submit offers.
3. The anticipated award price of the contract, including options, will not exceed:
- $5.0M for manufacturing requirements
- $3.0M for all other requirements
4. The award can be made at a fair market price.