Nearly four dozen VETS 2 IT vehicle awardees get more runway

The General Services Administration has exercised the five-year option on a potential $5 billion governmentwide IT contract vehicle for 45 companies holding positions.

Federal agencies use the Veterans Technology Services 2 vehicle to acquire IT services and solutions from service-disabled, veteran-owned small businesses. VETS 2 opened for business in the spring of 2018 and has seen roughly half of its ceiling awarded so far.

GSA's exercise of the option pushes out the vehicle's ordering period to February 2028.

“This partnership has resulted in more than $2.7 billion in awarded federal contracts in the base period, and is expected to continue growing during the option period,” GSA’s Federal Acquisition Service Commissioner Sonny Hashmi said in a release Friday.

Procurement and small business contracting specifically are a part of the Biden administration's larger equity agenda, which the president detailed in an executive order he signed in mid-February.

In late October, the Office of Management and Budget set a 12% target as the share of federal contracting dollars agencies should obligate to small disadvantaged businesses in this current government fiscal year.