The Biden administration declared September 18 – 24, 2022 Minority Enterprise Development Week. Also announced a 50% increase that would increase the goal for Small Disadvantage business from 10% to 15% by 2025 and result in about $100 billion more in contract awards to minority-owned businesses over a five-year period. Our experience gives us an understanding of the struggle small business owners face. This is exactly why it is our mission to provide resources and solutions that help small business owners avoid pitfalls and win more contracts.
GSA’s office is currently working on a draft proposal for OASIS+ and continually releasing updates based on industry comments. The new OASIS+ will include many of the benefits of the renowned OASIS Multi-Agency contract with many added features and increased scope. The final is expected to be released in early 2023 if not sooner.
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.
The Common Catalog Platform, or CCP, is a new web-based application developed by GSA to improve vendors’ experience, improve efficiency and address accessibility issues. GSA will release CCP as a pilot to Office Supplies 4th generation (OS4) contractors in 2023. With the updates to the modification process, GSA hopes the catalog becomes an integrated part of the modification process.
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.
Beginning January 30, 2022, federal agencies will start incorporating the $15 minimum wage in new contract solicitations and will be required to have it incorporated in all contracts by March 30, 2022. Any ongoing contracts will have the wage requirement at the option.