GSA Schedule Contract - Industrial Funding Fee

User fee paid to GSA on a quarterly basis.

Sales must be reported on GSA Web site by end of month following quarter.

Amount is 0.75% of sales booked during quarter.

GSA Contract vs. Open Market Purchases

GSA Schedule
-Government only required to request bids/ proposals from three companies on specific Schedule.

Full & Open Competition
-Government must post RFP on FedBizOpps and give any interested vendor a chance to bid.

GSA Schedule Contract - Advantages for Federal Buyers

Vendor has already been evaluated and approved for financial stability, acceptable past performance, fair and reasonable pricing.

Contractual terms and conditions have already been negotiated.

Much faster purchasing process.

Fewer competition requirements.

Flexible order development.

Orders are to be FAR definition “competitive.”

Agency doesn’t have to pay usage fee required on GWACs; however, contractor must pay Industrial Funding Fee.

Agency can establish Blanket Purchase Agreements (BPAs) using Schedule terms and pricing.

GSA Schedule Contract - Ordering Process

Orders must be competed among three GSA Schedule contract holders if anticipated purchase is more than $100,000.

No competition required if anticipated purchase is less than $100,000.

Orders are either fixed-price or time and materials.

GSA Schedule Contract - How It Works

Your company must have sold the offered products/services in the marketplace.

Your company must have verifiable invoices for the products/services you sell.

Your company submits a proposal to GSA.

GSA checks references and establishes that your company is qualified.

GSA then negotiates terms and conditions and evaluates pricing.

GSA awards a five-year contract.

Your company may then receive orders from any federal department or agency.

GSA Schedule Contract - Quick Look

A GSA Schedule is a Multiple Award Contract (MAC)

GSA Schedules reduce the administrative and processing time for COs

GSA Schedules can reduce your competition

Program administered by GSA Federal Acquisition Service (FAS)

Creates pre-approved vendor list for specific types of products and services

Five-year base period plus three five-year options