Amerivet Securities, Inc. is currently certified by the California Department of General Services (DGS) as Disabled Veteran Business Enterprises (DVBE). To check our current status please click the icon below to directly access DGS information.
Disabled Veteran Business Enterprise Participation
An Introduction to the Law
The State of California acknowledged disabled veterans for their service by establishing the Disabled Veteran Business Enterprise (DVBE) Participation Program. The program intends to further their participation in state contracting, promote competition and encourage greater economic opportunity.
The State of California established a DVBE participation goal of at least three percent. The goal applies to the overall dollar amount expended each year by the awarding department. Each state agency is to establish a method for monitoring compliance with the goal. Awarding departments have the discretion to include the program goal within individual contracts. For each applicable contract, prime contractors must achieve the minimum DVBE participation goal or demonstrate they made a “Good Faith Effort” to achieve participation. The law intends DVBE participation, however should a bid be submitted with less than minimum participation, to be program responsive the prime contractor must make and document their efforts to attain participation.
The five legally defined “Good Faith Effort” steps are:
1. Contact was made with the awarding department to identify DVBEs.
2. Contact was made with other state and federal agencies and with local DVBE organizations to identify DVBEs.
3. Advertising was published in trade papers and papers focusing on DVBEs, unless time limits imposed by the awarding department do not permit that advertising.
4. Invitations to bid were submitted to potential DVBE contractors.
5. Available DVBEs were considered.
Public Contract Code, Part 2, Division 2, Chapter 1, Article 1.5, Section 10115 et seq.; California Military and Veterans Code, Article 6, Section 999 et seq.; and California Code of Regulations , Title 2, Division 2, Chapter 3, Subchapter 10.5, Sections 1896.60 – 1896.67 and 1896.90 – 1896.98
For more information about California Disabled Veteran Business Enterprises (DVBE), please go to Office of Small Business & Disabled Veteran Business Enterprise Services (OSDS)