Federal Women Owned Business Certifications Benefits ~ Criteria ~ - - PowerPoint PPT Presentation

Federal Women Owned Business Certifications

Benefits ~ Criteria ~ Certification

Women in Contracting September 10, 2015

• Women Owned Business
• Designed to increase the number of small women owned firms

that are winning government contracts and prime contracts.

• Federal government has a goal to buy 5% from women owned

businesses.

• Currently government is at 4.86%
• Goals flow down to prime contractors who

also have goals to buy from women owned businesses

• Women Owned Business Set Asides

Solicitations can be set aside for WOSB and EDWOSB if

1. The contracting officer has a reasonable expectation that 2

• r more EDWOSBs/WOSBs will submit offers for the contract

and 2. contract award may be made a fair and reasonable price and 3. The NAICS code assigned to the contract is for an industry that the SBA has designated as underrepresented or substantially underrepresented

13 CFR 127

• Women Owned Business Set Asides

330 six digit NAICS codes are eligible for set asides. Women in these industries are underrepresented or substantially underrepresented. Each code is designated as either a WOSB or an EDWOSB. If you are EDWOSB, you are also a WOSB. www.sba.gov/wosb for full list of NAICS codes

• Women Owned Business Set Asides

www.fbo.gov lists 2 solicitations in Washington State that are set aside www.fbo.gov lists 187 award notices to WOSB or EDWOSB

• Women Owned Business Sole Source?

Not Yet!

• 2015 National Defense Authorization Act (NDAA)

authorized sole source contracts for WOSB & EDWOSB

• Accepted public comment until June 30, final

rule not yet published.

• Proposed rule:
• CO can’t set aside (rule of 2)
• The award including options <$6.5 million for

manufacturing and $4 million for others

• The EDWOSB/WOSB is responsible
• Price is fair and reasonable

• Women Owned Business Criteria

Criteria - WOSB

• Small Business
• One or more women must unconditionally and directly
• wn 51% of the business
• The women owner(s) must

control the business

• US Citizen

• Ownership

Ownership must be unconditional

• Not subject to any conditions, executory agreements,

voting trusts, or other arrangement that could cause

• wnership benefits to go to another.

Ownership must be direct

• The women must own 51% of the concern directly not

through another business entity or trust (including stock ownership plan). Revocable trusts are likely okay.

• Ownership

The woman or women owners must have control of firm

• Manage the daily business operations
• Must hold the highest officer position
• Must have the managerial experience
• Work full-time to the business during normal working

hours

• Economically Disadvantage WOSB

A woman is economically disadvantaged if she can demonstrate that her ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities.

• Limitation on personal net worth: <$750,000 excluding

her ownership interest in business and equity in primary personal residence, also excludes retirements funds if funds not available until retirement age without penalty. SBA may consider spouses income (see CFR 127.203)

• Adjusted gross yearly income averaged over 3 years

must be less than $350,000.

• Also see restrictions on value of all assets ($6 m) and

the transfer of assets in the past 2 years.

• Are you sure you’re Certified?

Self Certification via: uploading documents into SBA repository

Considerations:

• No assurance you

completed it correctly

• No longer authorized by

Congress

• No Cost!

Third Party Certification via:

• El Paso Hispanic Chamber
• National Women Business Owners Corp
• US Women’s Chamber
• Women’s Business Enterprise National

Council (WBENC) Considerations:

• High likelihood it’ll withstand protest
• Other benefits to being involved with the

above organizations

• Cost ($350-$450)

A B Must keep SAM up to date!

• Certification Checklist

Documentation Reason for providing Birth Certificates or naturalization papers

• r unexpired passports of owner(s) who

are women Joint Venture Agreements (if applicable) For LLC’s: Operating Agreements with amendments & Operating Agreements For Corporations: Bylaws, stock certificates, stock ledger, voting agreements, meeting minutes* For Partnerships: Partnership agreements State licensing information (DBAs) SBA Form 2413 US Citizenship Control Control, Ownership, Decision Making Authority Control, Ownership, Decision Making Authority Control, Ownership, Decision Making Authority Ownership Control, Ownership, & More

• Certification Checklist

Documentation Reason for providing For EDWOSB: SBA Form 413 Personal Financial Statement from owner (and spouse*) prior year financial statements for business* Quarterly tax returns* narrative of financial and management history of firm*, resumes of all owners* W-2 or 1099 of officers* Economically Disadvantaged designation - personal net worth Ownership and control: Distribution of income or loss Ownership and control: Distribution of income or loss Ownership and control Control Control

• Certification Tips
• Keep records of everything you submit
• Triple check your SAM is current and accurate
• Before you certify, understand the benefits and your

marketing strategy

• Remember – penalties for misrepresenting (presumption
• f loss up to the total amount of contract)
• Work with an SBDC Advisor
• Review your certification application with your PTAC

Counselor

Questions?

Tiffany Scroggs tscroggs@thurstonedc.com 360-754-6320 www.washingtonptac.org