Veteran business owners now have a new opportunity to fix errors in their applications for verification by the Department of Veterans Affairs (VA). Verification of ownership and control of a firm by one or more veterans is necessary before a firm can be considered for a contract set-aside exclusively for veteran-owned small businesses (VOSBs) by the VA.
To avoid rejecting VOSBs for minor paperwork errors or omissions, the VA has initiated a new pre-determination process. According to the VA’s May 3, 2013 press release, the process is designed to reduce denials by identifying easily corrected issues on many applications. Businesses that would ordinarily be denied can now take advantage of this opportunity for approval by correcting findings prior to receiving a final determination letter. The pre-determination process allows companies the option to correct their applications and significantly increase their chance for approval to participate in the Veterans’ First Contracting Program.
For more information, please see: http://www.va.gov/osdbu/pressreleases/news20130503a.asp.