Office of Small & Disadvantaged Business Utilization
Average Verification Processing Time
To provide you with the length of time it will take to process an application and make a determination, read the following information.
The length of time necessary to provide a determination will vary based on:
- Number of applications in process
- Complexity of application
- Whether site visit is necessary
The Center for Verification and Evaluation (CVE) seeks to complete all initial determinations within 60 days of receiving a complete application. Many applicants fail to provide all the required documents with their initial application submission.
CVE cannot initiate an examination until all required documents have been provided. The 60-day examination period does not begin until CVE receives a complete application. CVE will acknowledge receipt of a complete application by email to the address provided in the VetBiz Vendor Information Portal.
Verification Processing Statistics
|Action||Mar-16||FY 2016 ||FY 2015|
|Average Processing Time||25 Days||33 Days||41 Days|
|Average Processing Time||28 Days||31 Days||39.5 Days|
3st Quarter Denial Reasons
|Minimum Documents Required for Examination||17%|
|Service as Management Member of LLC 38 CFR § 74.4(e)||13%|
|Highest Compensation 38 CFR 74.4 (g)(3)||13%|
|Have Managerial Experience 38 CFR § 74.4(b)||13%|
|Day to Day Operations 38 CFR § 74.4(b)||9%|
|51% of the Annual Distribution 38 CFR § 74.3(d)(1)||9%|
|Transfer Restriction CFR § 74.3(b)||9%|
|Highest Officer Position 38 CFR § 74.4(g)(3)||9%|
|Control of Strategic Policy 38 CFR 74.4(e)||4%|
|Management of Daily Business and Full-time Devotion During Normal Working Hours 38 CFR 74.4(c)(3)||4%|