St. Petersburg Firm OVESTO Certified as a Service-Disabled Veteran-Owned Small Business (SDVOSB) by the Department of Veteran Affairs

The U.S. Department of Veterans Affairs (VA), Center for Verification and Evaluation (CVE), has verified Ovesto, a company that provides organizations with interim and fractional executives, as a Service-Disabled Veteran-Owned Small Business (SDVOSB) and added it to the Vendor Information Pages (VIP).

The St. Petersburg firm announced the move on Tuesday, June 16, 2020. The latest announcement comes at a time of growth for Ovesto as the company expands its pool of transformational leaders.

“Over the past few years, roughly $4.65 billion in contracts was awarded to Service-Disabled, Veteran-Owned Small Businesses (SDVOSB) per year. With our extensive roots in the U.S. military and government contracting experience, Ovesto is honored to be certified as an SDVOSB and utilize our extensive public and private sector experience to gain a greater understanding of our client’s requirements and how to accomplish the contract’s objectives,” said John R. Miles, the founder, and CEO of Ovesto.

Being a Service-Disabled Veteran-Owned small business offers many advantages for Ovesto. First, some agencies favor organizations with SDVOSB status. For example, the VA sets a priority for SDVOSBs, which means that each set-aside or sole-source contract created by the VA goes directly to a qualified SDVOSB.

What is a Service-Disabled Veteran-Owned Small Business (SDVOSB) and Why Does the Department of Veteran Affairs Verification Matter?

To be verified as an SDVOSB, the company must provide verification that its ownership is by one or more veterans who were disabled or suffered an injury during their honorable military service. In addition to the necessary documentation, the Department of Veterans Affairs (VA), Center for Verification and Evaluation (CVE) has four requirements that must be met for certification. 

• The organization must be certified as a small business by the Small Business Administration (SBA)
• The organization must be verified as having at least 51% owned by one or more Service-Disabled Veterans (SDV). These veterans must control management and daily business operations
• The Service-Disabled Veteran must hold the highest officer position at the company
• The organization must be part of the North American Industry Classification System (NAICS)

Potential SDVOSB Partners Increase Contract Wins

Partnering with an SDVOSB like Ovesto for a Request for Proposal (RFP) significantly increases your chance to win contract awards.  The federal government’s goal is to award at least three percent of all federal contracting dollars to service-disabled veteran-owned small businesses each year.

Since many government RFPs contain set-aside requirements that allow only small businesses to respond as the prime contractor, a partnership with an SDVOSB would let you have a better opportunity for the contract award and bolster your chances for success.

For government agencies, these partnerships are also more desirable since companies are led by former veterans and can use their unique capabilities to offer the best combination of precision delivery, project management, and cost.

In short, a company that partners with Ovesto as the prime or subcontractor is more likely to win since many RFP opportunities require a small business. As a result, this restricts the pool of possible competitors, and it allows the combined companies to share the risk of the project.

How to Utilize the SDVOSB?

For your next government RFP, choosing to partner with an SDVOSB company will greatly improve your chance of winning the contract award.

If you’re looking for an SDVOSB professional services contractor, try using a prime contract vehicle with pre-approved small businesses.

If you desire to learn more about SDVOSB certification or how Ovesto can help you with your next government or Department of Veteran Affairs contract, leave us a comment below or contact us here.

This media release originally appeared on PRLOG.