New GSA Schedule Sales Minimum Requirements

New GSA Schedule Sales Minimum Requirements

GSA has changed the time period for the consideration of the sales minimum and the required minimum sales. Contractors now have 60 months to meet or exceed $100,000 in the first 60 months of their contract and $125,000 during each following 60 month option period. Read why the change and what this means for contractors

SPEL – The New GSS Modification Process

SPEL – The New GSS Modification Process

The Standardized Pricing Evaluation Logic (SPEL) was developed by GSA and OIG to improve their control of overpriced items by streamlining the review and assessment of modifications against existing products, commercial market, past transactions, non-selling products.

Will The TDR Program Come to an End?

Will The TDR Program Come to an End?

The office of Inspector General (IG) at General Services Administration (GSA) released a report in September 2022 after reviewing how the contracting personnel perform price analyses to ensure GSA gets the best prices. Although the IG recommends terminating the program, GSA plans to move forward and expand the program to all contractors.

What is the FM QSMO Marketplace?

What is the FM QSMO Marketplace?

Financial Management Quality Service Management Office (FM QSMO) is an initiative created to help achieve the US Treasury modernize the financial systems in various agencies. They have teamed with GSA to establish a new Special Item Number 518218FM on the GSA Schedule.

What is the Industrial Funding Fee (IFF)?

What is the Industrial Funding Fee (IFF)?

It is important for GSA Schedule holders to understand the Industrial Funding Fee (IFF). As a self-funding agency, the IFF allows GSA to collect revenue with every product/service sold through a GSA contract. It is imperative that contractors fulfill their obligations and remain compliant by reporting sales and paying this IFF.

What is TXMAS and the TXMAS Extension?

What is TXMAS and the TXMAS Extension?

TXMAS stands for Texas Multiple Award Schedule and is a program that is used to supplement the Statewide Procurement Division (SPD) term contracts. The TXMAS program uses existing competitively awarded government contracts, primarily the GSA schedule, to service the...

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