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The second book is Matthew Bender’s Accounting for Government Contracts: The Cost Accounting Standards. In order to assist that small business I provided them a very basic 7 step strategy to prepare them for survival after their 8(a) certification expired. 0000073159 00000 n
Implement the right tools: e.g. The company is removed from its protective niche and now has to compete with the larger government contractors. 0000055318 00000 n
Also puzzling is that the Bloomberg entry (and entries at some other sites) state that VMJ Construction’s annual revenues have been $600,000. There’s not much detail, but Bloomberg reports that the company provides “homebuilding services.” There’s also a VMJ Construction, LLC located in Thornton, Colorado. Once approved for the program, the certification lasts for 10 years, and provides significant benefits to the business in access to special contract programs, and support services. Program goals require 8(a) firms to: Maintain a balance between their commercial and government business. 0000002007 00000 n
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IDIQ contacts, depending on the contract language, may allow graduated 8(a)s to remain eligible for 8(a) task orders sourced through the contract vehicle. trailer
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They were concerned about surviving their upcoming graduation from the US Small Business Association (SBA)'s 8 (a) program. 0000096728 00000 n
Accounting for Government Contracts: The Cost Accounting Standards. John J. Vigil was also the Operations Manager of Vigil Contracting. Michael T. Vigil did not control VMJ, did not set the long-term policy, nor manage the day-to-day management of the business. The 8(a) program certification date is listed as being September 26, 2002. 8 0 obj
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And even if they continue to meet the qualification criteria, they are only permitted to be in the program for nine years. 0000030345 00000 n
Identify a customer agency's traditional affiliations for success - Republican or Democrat, Identify customer agencies with strong value propositions for client synergy, Relationships and partner companies are critical to success, Reduce reliance on the 8(a) program far in advance of graduation, Not more than 50% of revenue should be derived from 8(a) set-asides, By the final year, that percentage should have reduced to 45%-25%, Diversify the NAICS code offerings within your segment, Hire a BD person who is a recent retiree from a targeted agency. As this “blog” from the SBA (authored by Caron Beesley) states—. Also, Manta.com reports that Vigil Contracting’s annual revenues are between $10 and $20 million. %PDF-1.7
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There are certain 8(a) graduation plans that probably don’t seem as cunning, in retrospect, as they may have seemed when they were being created. The overall program goal is to graduate 8(a) firms that will go on to thrive in a competitive business environment. Warn loyal employees that a temporary decrease in revenue does not spell doom for the company, and let them know the company is prepared for it, If you must institute some cutbacks to employee benefits to save money, explain to them you are taking this temporary measure to forestall layoffs. …. But the fundamental point is that companies who are in the 8(a) program need to have a plan for how to navigate graduation, because once they depart their protected safe harbor, things tend to get a lot harder—and many companies do not survive the change in competitive environment. 0000011192 00000 n
It claims to be the 2009 “USDA Small Disadvantaged Business Contractor of the Year.” Shannon Vigil is listed as President, and J.J. Vigil is listed as Operations Manager. 0000055045 00000 n
h�b``pf``Ob```�Sa@,`�1H�&. Step 1 - Know the rules of engagement & understand the marketplace, Step 2 - Never put all the eggs in one basket, Step 7 - Prepare for fiscal belt tightening at graduation time. Vigil Contracting employees and contractors, including John J. Vigil, made the high-level business decisions of VMJ and managed the day-to-day operations of VMJ. Each of these steps can be broken out into further detail to assist in developing the strategic plan. 0000150565 00000 n
Once out, the company is out forever – see the second criterion above. Back in 2007 I did some work with a small business. Accounting for Government Contracts: The Federal Acquisition Regulation. ...and if you are wondering, yes. 0000003229 00000 n
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Seek efficiency within to save cash and avoid layoffs. Ms. Beesley’s ”blog” offers advice to 8(a) firms regarding planning for program graduation. The steps described in this document provide a framework for successful planning to increase an organization’s odds of success. • Limit on the total dollar value of sole-source contracts that an individual participant can receive while in the program: $100 0000169535 00000 n
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John J. Vigil was a 9% owner of VMJ. Nick replaces Darrell Oyer, who has edited those books for many years. Specifically, VMJ relied almost exclusively upon Vigil Contracting to bid on and complete the work awarded to VMJ under the 8(a) Program. 0000009175 00000 n
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Eventually, the scheme was discovered and a settlement agreement was crafted. There are some requirements in place to help achieve this goal. Vigil Contracting is a 2011 graduate of the 8(a) Program. VMJ knowingly misrepresented these facts to SBA, in both VMJ’s initial application to participate in the 8(a) Program and in an annual update to SBA. ISO, CMMI, ITIL, etc. 0000003365 00000 n
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VMJ Construction, LLC (“VMJ”) and its owner, Colorado resident Michael T. Vigil, as well as Maryland-based Vigil Contracting, Inc. (“Vigil Contracting”) and its Operations Manager, John J. Vigil, have agreed to pay the United States $3.6 million to resolve allegations that they defrauded the Small Business Administration (“SBA”) 8(a) Business Development Program. 0000096493 00000 n
Under the program, SBA acts as a prime contractor and … 0000029801 00000 n
The federal government's goal is to award at least five percent of all federal contracting dollars to small disadvantaged businesses each year. 0000169274 00000 n
SBA has reported these client success rates: FY 2000 65%; FY 2001 64% percent. Effective January 1, 2019, Nick Sanders has been named as Editor of two reference books published by LexisNexis. 0000031434 00000 n
There are other benefits, but that’s the main one. She recommends (among other things) narrowing the marketing focus, hiring strong talent, and managing business cash flow. Following is what I provided for them. Those are the public policy benefits. 0000032026 00000 n
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According to its company profile on Bloomberg.com, VMJ Construction is located at the exact same address as is shown for Vigil Contracting.