Based on historical trends, we can anticipate a significant increase in spending during the fourth quarter and a commensurate increase in contract awards for service-disabled veterans.
Now let me turn to your questions about the expansion of opportunities for service-disabled veteran-owned small businesses in the federal marketplace and, specifically, the implementation of section 502 of the law.
My question is, one of the things that I have experienced over the last four years as a small business trying to do business in the federal procurement business, essentially, as a small engineering company, is the challenge of the bundling of contracts, which has made it increasingly difficult for service-disabled businesses -- all small businesses across the nation -- to compete basically within the federal procurement system.
These statistics, provided on a quarterly basis, cover participation in federal contracting by both veteran-owned small businesses and service-disabled veteran-owned small businesses for fiscal year 2001 and the first three quarters of fiscal year 2002.
The law also added service-disabled vets to the list of groups eligible for fully guaranteed loans under the government's 7A small-business loan program and created a government-wide goal that 3% of all federal contracts must go to small businesses owned by service-disabled veterans.
The SBA has responsibility under section 15(g) of the Small Business Act (15 U.S.C. 644(g)) for overseeing the federal small business procurement goaling process, including the government-wide, cumulative 3 percent goal for participation by small businesses owned and controlled by service-disabled veterans in federal contracting and subcontracting.
It "would have a profoundly negative effect on the Postal Service and on millions of customers", he said, adding that businesses, rural communities, the elderly and disabled were just some of the groups that depended on Saturday service for work and communication.
For starters, it needs to be unconditionally owned and controlled by one or more veterans, service-disabled veterans, or their surviving spouses.
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