Contractors or subcontractors who enter into, or modify, a contract or subcontract with the federal government, and meet the criteria in the regulations (41CFR 61-300), are required to report annually on their affirmative action efforts in employing veterans. Data reported through the VETS-4212 form is used by OFCCP for Compliance Evaluations! Who Should File VETS-4212 Forms? VETS-4212 Reports are filed when a business has a current federal government contract or subcontract worth $150,000, or more regardless of the number of employees. The contract may be with any Department or Agency of the federal government.