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VVV is SBA-certified under Business Types/Grants for:
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23 - Minority Owned Business
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95 - Research and Development
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A2 - Woman Owned Business
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PI - Hispanic American Owned
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VW - Contracts and Grants
The initial service offerings embodied in the currently defined
VVV business areas and target markets, are those identified in the
North American Industrial Classification System (NAICS) under the two main
codes:
- 541710: RESEARCH AND DEVELOPMENT IN THE PHYSICAL, ENGINEERING, AND LIFE SCIENCES
- 541720: RESEARCH AND DEVELOPMENT IN THE SOCIAL SCIENCES AND HUMANITIES
VVV specializes in science and technology solutions
engineered through a process of:
- Consulting Engagements
- Strategic Assessment
- Integrated Systems Design
- Technology Development
- Intellectual Property Creation
Small disadvantaged businesses (SDB) can receive preferences in federal
procurements once they are certified under SBA’s SDB certification program.
While in the past a business could qualify for these advantages by
self-certifying as an SDB in its offer, self-certification is no longer
acceptable. Under SBA’s current regulations, the SBA itself must
formally certify the business as an SDB before the firm may qualify as
an SDB and be eligible for the benefits of the SDB Program. See:
Need to be certified.
The benefits of the SDB program accrue both to the SDB itself,
as well as to the prime contractor, which uses the SDB as its
subcontractor. An SDB competing as a prime contractor can receive
a price evaluation adjustment of up to 10 percent on procurements,
which exceed the simplified acquisition threshold, and involve industries
in which disadvantaged companies are underutilized. This means that an
SDB can win a Federal procurement without being the lowest offeror.
Instead, the SDB need only be within 10 percent of that lowest offeror.
A prime contractor, which uses an SDB as its subcontractor can receive
an evaluation credit in competitive negotiated procurements involving
industries in which disadvantaged companies are underutilized, such as
science and technology R&D. Monetary incentives for prime contractors
subcontracting with SDBs are also available.
(The price evaluation adjustment and evaluation
credits are not available on 8(a) procurements and small
business set-asides.)
Once a business is certified by SBA, the SDB is listed on
an online public registry of qualified businesses is maintained
at www.ccr.gov. A business may remain on the list for three years
before having to renew its certification.
Businesses may visit the SBA Web site at
www.sba.gov
for more information about the SDB certification program.
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