TIME Systems is certified through the Department of Veterans Affairs Center for Veterans Enterprise as a Service Disabled Veteran Owned Small Business.
In 2006, President George W. Bush signed into law the “Veterans Benefits, Health Care, and Information Technology Act of 2006” (Public Law 109-461). This law provides Veterans Affairs with unique authority to conduct set-aside and sole source procurements with small businesses owned and operated by veterans. This legislation authorizes a unique “Veterans First” approach, specific to VA contracting. This approach changes the priorities for contracting preferences within VA, placing SDVOSBs and VOSBs first and second, respectively, in satisfying VA’s acquisition requirements.
The SDVOSB sole source vehicle provides agencies a simplified and shortened acquisition procedure:
- Reduced decision cycle – time required to award an SDVOSB sole source contract is usually within days
- Lowered administrative costs – procurement process and time is reduced to a minimum
- Credit for promoting participation