FAR Small-Business Preference Research Paper Example | Topics and Well Written Essays - 750 words

FAR Small-Business Preference - Research Paper Example These programs are specifically designed to help the veteran owned as well as service disabled veteran owned small business to gain from the federal contracts The congress has established key legislations that outline the important programs to assist service veterans in federal contract markets. The first legislation to be passed by the congress was done in the year 1999 (McFetridge, 2012). The veteran entrepreneurship and small business development act would assist me as a veteran by giving me an edge in securing annual government –wide procurement. This law stipulates that approximately three percent of the government procurement contracts would be awarded to service disabled veteran owned small businesses (Calibre Systems, 2013). This includes the total annual value of all subcontract and prime awards thus I stand a higher chance of getting contracts. This is because am shielded from competition from other multinational organizations and companies thus I compete only with my fellow service disabled veterans for the three percent allocations who are also small business owners. The public law 109-461 outlines the veterans’ first contracting program and applies to VA acquisitions. This law permits the department of veteran Affairs to sole source and restricted set-aside to both VOSBs and SDVOSBs. This law also establishes contracting goals that are unique to veteran affairs. This provides for 10% and 7% target for SDVOB and veteran owned businesses respectively (Calibre Systems, 2013). However, this law also provides for the verification of the status of veterans to be done by the department of veteran affairs. This makes the key element differentiating this program from SDVOSB procurement program. In this regard, the status of the veterans cannot be self represented but must be verified by the department of veteran