A General Services Administration (GSA) contract is a long-term governmentwide contract between the GSA and a commercial supplier. These contracts, known as GSA Schedules, allow federal agencies and their employees to quickly and easily acquire a vast array of products and services directly from commercial suppliers. The proper name for a GSA contract is a General Services Administration (GSA) Federal Supply Service (FSS) Schedule Contract.
Specifically, a GSA contract is an indefinite delivery/indefinite quantity (ID/IQ), Government-Wide Acquisition Contract (GWAC), Multiple Awards Schedule (MAS) contract that starts with a single five (5) year contract period that is followed by three (3) five- (5) year renewal options.
A GSA contract is often the perfect place to for a company to start doing business with the federal government, because it can -- if used properly and proactively -- dramatically increase a company's revenue, immediately improve efficiency and effectiveness, and substantially reduce costs when it comes to marketing and selling to the world's largest buyer of goods and services. As such, it is an excellent addition to any company’s portfolio and/or exit strategy.
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What is the General Services Administration?
Specifically, a GSA contract is an indefinite delivery/indefinite quantity (ID/IQ), Government-Wide Acquisition Contract (GWAC), Multiple Awards Schedule (MAS) contract that starts with a single five (5) year contract period that is followed by three (3) five- (5) year renewal options.
A GSA contract is often the perfect place to for a company to start doing business with the federal government, because it can -- if used properly and proactively -- dramatically increase a company's revenue, immediately improve efficiency and effectiveness, and substantially reduce costs when it comes to marketing and selling to the world's largest buyer of goods and services. As such, it is an excellent addition to any company’s portfolio and/or exit strategy.
<><><><>
Next Up:
What is the General Services Administration?
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