September 25, 2013
In an effort to better service all Veterans, the Center for Verification and Evaluation (CVE) is enhancing its verification process. CVE’s stated goal is to increase overall eligibility for the “Veterans First Contracting Program.” The development of the Pre-Decision Process (PDP) is a step toward achieving that goal.
The initiative aims to increase application approval rates, while giving business owners more time to correct findings that lead to a potential denial. A better application means a better chance of becoming a verified company!
On June 24, 2013, CVE began testing the Pre-Decision Process. During the testing period, feedback was collected and the process was continually improved. The official launch of the process was August 1, 2013.
The process allows service-disabled Veteran-owned small businesses (SDVOSBs) and Veteran-owned small businesses (VOSBs) the opportunity to WITHDRAW an application instead of receiving a denial letter. Withdrawal gives applicants the option to fix any issues with their business documents and immediately reapply for verification. However, a denial requires businesses to wait six (6) months before reapplying. Firms will still have the ability to enter Request for Reconsideration if the denial option is chosen.
The Pre-Decision Process allows companies the chance to withdraw an application, correct any issues that would have led to denial and then come back into the CVE verification process at the start of the application process. It does not allow new document submission before withdrawal.
The best way to increase your business’s approval chances is to avoid common mistakes. Check out the Top 10 Reasons for Denial and if you have any questions about verification or the Pre-Decision process, please contact (866) 584-2344.