Women Owned Small Business ProgramWomen Owned Small Business Program Pedro J. Acevedo 787-758-4747...
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Women Owned Small Business Program Pedro J. Acevedo 787-758-4747 x. 3177 [email protected] www.federalcontractingpr.com
Transcript of Women Owned Small Business ProgramWomen Owned Small Business Program Pedro J. Acevedo 787-758-4747...
Federal Contracting Center (FeCC)a Procurement Technical Assistance Center
§ A division of the Puerto Rico Industrial Development Company (PRIDCO)
§ Cooperative agreement with DoD
§ Part of a nationwide network of 98 PTACs
§ 32 years of experience
PRIDCO
DLA
Puerto Rico Federal Contracting Center
To proactively position businesses inthe federal government market whileactively assisting and matchmakingcompanies with federal contractsavailable. M
issio
n
Goa
l
To generate employment and improvethe general economy of Puerto Rico byassisting business firms to obtain andperform under federal state, andmunicipal government contracts.
TechnicalSupport Marketing AdvocacyTraining
§ Small Business Administration
§ Federal Procurement Policy
§ Trade Missions
§ Federal Contracting education
§ Matchmaking events
§ E-‐training
§ Market intelligence
§ Identify & match bids
§ Forecasting§ Capturing plan§ Help you decide if
this is the right market for your firm
§ DUNS Number§ SAM§ SBA and VA
Certifications§ One-‐on-‐one
counseling§ Bid preparation§ GSA Schedules
Federal Contracting Center Services
Government Wide Contracting Goals
Small Business Small Disadvantaged
Business & (8a)
HUBZone
Service Disabled Veteran Owned SB
Woman Owned
5%
3%
3%
5%
Overview of Women-‐Owned Small Business program
§ The program is designed to help more women owned small businesses to win federal contracts by providing a level playing field for WOSBs to compete. It is also intended to help federal agencies to meet contracting goals for women owned small businesses.
§ The Women-‐Owned Small Business (WOSB) program authorizes contracting officers to set aside certain federal contracts
§ As of December 2015, it also allows COs to grant contracts to WOSBs and EDWOSBs under Sole-‐Source Authority in specific circumstances
Regulatory Guidance
§ Established by:• Section 8(m) of the Small Business Act (15 U.S.C. 637 (m))
§Governed by:• 13 CFR Part 127• FAR Subpart 19.15
Requirements for WOSB and EDWOSB Set Asides
§ Contracting officers may set aside contracts for WOSBs and EDWOSBs if they meet the following requirements:
§Only designated industries• Qualifying NAICS for the Women-‐Owned Small Business Federal Contracting program
§Only WOSBs or EDWOSBs are eligible§WOSBs are required to self certify as a woman owned small business (or use a third party certifier)
Requirements for WOSB and EDWOSB Set Asides
§ A contracting officer may restrict competition to EDWOSB concerns if the contracting officer has a reasonable expectation based on market research that—1. Two or more EDWOSB concerns will submit offers for the
contract and;2. Contract award will be made at a fair and reasonable price.
§ The contracting officer may make an award, if only one acceptable offer is received from a qualified EDWOSB concern or WOSB concern eligible under the WOSB Program.
Sole Source awards to WOSBs or EDWOSBs
§ Sole source authority is allowed for industries in which WOSB or EDWOSB set-‐asides are authorized, and the CO – through market research – cannot identify two or more WOSBs or EDWOSBs that can perform the requirement at a fair and reasonable price, but does identify one WOSB or EDWOSB that can perform.
§ The sole source authority for WOSBs and EDWOSBs is limited to contracts valued at $6.5 million or less for manufacturing and $4 million or less for all other procurements.
Eligibility Requirements for WOSBs
§ At least 51% owned and controlled by one or more women who are U.S. citizens
§Ownership must be direct and not subject to conditions§ A woman must hold highest officer position§ A woman or women must manage day to day operations and provide verifying documents
§ Be at or below the small business size standard for the primary NAICS code, the NAICS code assigned to the solicitation, and the contract for which it submits an offer
Eligibility Requirements for WOSBs
§Must have managerial experience of the extent and complexity needed to run the concern.
§Need not have the technical expertise or possess the required license to be found to control the concern if she can demonstrate that she has ultimate managerial and supervisory control over those who possess the required licenses or technical expertise.
§However, if a man possesses the required license and has an equity interest in the concern, he may be found to control the concern.
§Must manage it on a full-‐time basis and devote full-‐time to the business concern during the normal working hours of business concerns in the same or similar line of business.
Eligibility -‐ EDWOSB
§ Personal net worth (assets minus liabilities) is less than $750,000 excluding:• Ownership in business and primary personal residence• Funds reinvested in IRA or other retirement account*• Transferred assets within two years if to or on behalf of immediate family member for select purposes
§ Adjusted gross income average over three years is $350,000 or less excluding: Income reinvested or used to pay taxes of business
§Market value of all assets does not exceed $6 million (including business value and primary residence)
Requirements for Joint Ventures
§ A WOSB or EDWOSB may submit an offer as a joint venture with another small business, if certain requirements are met:• Size: each concern is small under the applicable size standard• WOSB must manage the joint venture• WOSB employee must be project manager responsible for performance of the contract• WOSB must receive at least 51% of net profits • Joint venture agreement must be in writing
WOSBs -‐ Required to Self Certify (or use third party certifier option)
§Women business owners participating in the WOSB program are required to self certify -‐ with documentation, or
§Optionally use a third party certifier, to validate their WOSB status. § The WOSB program is not an SBA certification program YET
WOSBs -‐ Self Certification Process
§ Register in the SAM§ Create an account in www.certify.sba.gov§ Complete WOSB/EDWOSB Certification Form and supporting documents
EDWOSB Requirements
§ EDWOSB is a subset of WOSB. A EDWOSB is a WOSB whose owner and/or manager claims economic disadvantage.
§ To qualify as an EDWOSB, a business must meet all the requirements for a WOSB and demonstrate that its owners and/or managers are economically disadvantaged.
EDWOSB Requirements
§ A completed and signed IRS Form 4506-‐T, Request for Tax Transcript§ Three most recent personal income tax returns including all schedules§ Three most recent W-‐2’s§ Detailed information regarding the value of all assets (including cash on hand and in banks, accounts and notes receivable, retirement accounts, stocks, bonds, real estate, personal property, life insurance, and any other assets), liabilities (such as loans, mortgages, tax debts, and any other liabilities), and income (including salary, investment income, real estate income, and any other income)
Required Supporting Documents -‐ Limited Liability Companies (LLC)
§ Birth certificates, naturalization papers, or unexpired passports for owners who are women
§ Articles of organization (also referred to as certificate of organization, or articles of formation) and any amendments
§Operating agreement and any amendments§ Joint venture agreement, if applicable§ Assumed/Fictitious name certificate (doing business as or dba), if applicable
Required Supporting Documents -‐ Corporations
§ Birth certificates, naturalization papers, or unexpired passports for owners who are women
§ Articles of incorporation and any amendments § By-‐laws and any amendments § All issued stock certificates, including the front and back § Stock ledger § Voting agreements, if any § Joint venture agreement, if applicable
Required Supporting Documents -‐ Partnerships
§ Birth certificates, naturalization papers, or unexpired passports for the owners of the concern in the agreement designated as the WOSB
§ Partnership agreement and any amendments§ Joint venture agreement, if applicable§ Assumed/Fictitious name certificate (doing business as or dba), if applicable
Required Supporting Documents -‐ Sole Proprietorships
§ Birth certificates, naturalization papers, or unexpired passports for owners who are women
§ Assumed/Fictitious name certificate (doing business as or dba)
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§ Federal Contracting Center (FeCC)
§ t. 787.758.4747 ext. 3181
§ e. [email protected]
§ w. federalcontractinpr.com
§ Our location:
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