On March 13, 2017, CVE issued a Memorandum increasing the period of verification from 2 years to 3 years. This is a welcome change for SDVOSB companies. It will reduce administrative and legal fees spent on obtaining re-verification.
This does not mean you should relax and forget about compliance for another year or two. CVE can visit you at any time. In fact, by increasing reverification from 2 to 3 years, CVE will have more resources to conduct random visits.
Continuous compliance is key. The service disabled veteran should always be in control and maintain at least 51% ownership. Keep good records and report any changes in ownership to CVE.
