Discover details about the Department of Veterans Affairs' contract awards for Fiscal Year 2020 and learn about the opportunities for businesses, especially veteran-owned ones.
The Department of Veterans Affairs (VA) is a vital entity dedicated to providing services to America's veterans. The substantial budget for contract awards upholds this role, portraying the significance of the agency. Now, let's dissect the VA's contract awards for Fiscal Year 2020:
The VA marked a significant growth in the fiscal year 2020, as the Total Contract Awards summed up to approximately $33.5 billion. This number signifies an 18% increase from the Fiscal Year 2019.
Out of the total budget, over $2.1 billion in contracts were awarded through GSA, and VA Schedules clearly indicating the massive role these entities play.
The Fiscal Year 2020 saw the following schedules leading the contract awards:
The North American Industry Classification System (NAICS) codes leading in the fiscal year 2020 contract awards were as follows:
The contrast between Small Businesses and Other Than Small Businesses in the contact awards was wide with the respective amounts being:
Being in line with VA’s commitment to supporting veteran-owned businesses, nearly 40% of the GSA/VA Schedule contracts were awarded to Veteran-Owned Small Businesses (VOSBs) or Service-Disabled-Veteran-Owned Small Businesses (SDVOSBs).
The VA has a unique "Rule of Two" policy in place, which highlights its commitment to VOSBs and SDVOSBs.
Businesses looking to engage with the VA could benefit from the following resources:
The VA’s contracting efforts not only support the substantial operations integral to serving veterans but also create ample opportunities for businesses, most notably those owned by veterans. Staying well informed about the VA’s procurement practices and forecasts is key for businesses looking to tap into these lucrative contract opportunities. As a former GSA Schedule Reviewer, we are delighted to offer top-notch GSA Schedule Consulting services.
Pedro has extensive background as a Contracting Officer and Contract Specialist, has worked across seven federal agencies, managing contracts totaling over $1 billion in the professional and tech sectors. His notable tenure includes serving with the DoD/DARPA during the inception of their robotics program. Additionally, he played a pivotal role in initiating the Cyber Special Item Number (SIN) within the GSA's IT Schedule 70 as a Team Lead. After graduating from Harvard, he started Blackfyre to help you win your next contract.
Sign up for our weekly newsletter and join 10k other GovConleaders
about GovCon news and Upcoming Coming Opportunities.