WOSB
Now Contracting Officers have the ability to perform Sole Source acquisitions with a Women-Owned Small Business (WOSB) due to the addition of FAR 19.1506. Under FAR 19.1506, a Contracting Officer generally must consider a WOSB or Economically Disadvantaged WOSB (EDWOSB), Sole Source award before considering small business set-asides. Sole Source authority provides Contracting Officers the ability to produce services in a streamlined and shortened time frame.
The WOSB Sole Source Authority is a great new tool in the Contracting Officer's toolkit to acquire necessary services and solutions in a streamlined fashion.
Eliminates the time-consuming process of developing a detailed RFP, posting the solicitation, awaiting contractor responses, and evaluating all submissions while mitigating potential protests.
Time required to award a WOSB sole source contract is usually within days, not months.
Procurement process and time are reduced to a minimum.
Agency negotiates with the firm directly to obtain the best value.
Agency obtains credit for promoting WOSB small business participation.
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