What’s a GSA Contract?

What’s a GSA Contract?

What’s a GSA Contract? 150 150 Jonathan Poland

A GSA (General Services Administration) Contract, also known as a GSA Schedule or a Federal Supply Schedule, is a long-term, government-wide contract that the U.S. General Services Administration awards to commercial businesses. These contracts allow federal agencies to purchase a wide variety of products and services at pre-negotiated prices, terms, and conditions.

GSA Contracts streamline the government procurement process and make it easier for federal agencies to acquire goods and services from approved vendors. Some benefits of having a GSA Contract for businesses include:

  1. Access to federal market: GSA Contracts provide businesses with an opportunity to sell their products and services to a vast market, which includes federal agencies, state and local governments, and other authorized buyers.
  2. Pre-negotiated pricing: Prices and terms in GSA Contracts have already been negotiated and approved by the GSA, making the purchasing process faster and more efficient for government buyers.
  3. Streamlined procurement process: GSA Schedules simplify the procurement process for government agencies, as they can bypass lengthy bidding processes and directly purchase from approved vendors.
  4. Increased visibility: Businesses with a GSA Contract are listed on the GSA Advantage! online shopping site (https://www.gsaadvantage.gov/), which increases their visibility to potential government customers.

To obtain a GSA Contract, businesses must go through an application process, which includes submitting required documentation, demonstrating their financial stability, providing a history of successful past performance, and negotiating pricing and terms with the GSA. Once awarded, GSA Contracts typically have a five-year base period, with three additional five-year option periods, for a total possible contract length of 20 years.

It’s important to note that having a GSA Contract does not guarantee sales; businesses must still actively market their products and services to potential government customers and remain competitive in the federal market.

In addition to the basic information from above, here are some more essential details about GSA Contracts:

  1. GSA Schedule Categories: GSA Contracts are organized into categories called “Schedules” or “Multiple Award Schedules (MAS).” Each Schedule covers a specific group of products or services. For example, Schedule 70 focuses on IT products and services, while Schedule 71 covers furniture. It’s essential to identify the appropriate Schedule for your business offerings when applying for a GSA Contract.
  2. Eligibility: Generally, GSA Contracts are awarded to businesses that have been in operation for at least two years, demonstrate financial stability, have a history of successful past performance, and comply with various regulations and standards.
  3. Required Registrations: Before applying for a GSA Contract, businesses must obtain a DUNS number and register with the System for Award Management (SAM). These registrations are necessary for all companies seeking to do business with the federal government.
  4. Proposal Preparation: Preparing a GSA Contract proposal can be a complex and time-consuming process. It involves submitting various documents, such as a commercial price list, technical proposal, and past performance references. Additionally, businesses must create a detailed pricing proposal outlining the discounts they are offering to the government.
  5. GSA Contract Maintenance: Once awarded a GSA Contract, businesses must ensure that they comply with all terms and conditions, maintain accurate records, and report sales data regularly. They must also be prepared for periodic audits and reviews by the GSA.
  6. Contract Modifications: Businesses with GSA Contracts may need to request contract modifications to update their product or service offerings, pricing, or other contract terms. This process typically involves submitting a modification request and supporting documentation to the GSA.
  7. Marketing: Being awarded a GSA Contract does not guarantee sales. Businesses must actively market their products and services to government customers, using various strategies such as attending industry events, networking, leveraging the GSA Advantage! website, and reaching out to potential clients.
  8. Subcontracting: Businesses with GSA Contracts may work as subcontractors for other companies that hold prime contracts with the federal government. This can be a good way to gain experience and build relationships within the government market.
  9. Compliance: GSA Contract holders must comply with various federal regulations and requirements, such as the Trade Agreements Act (TAA), the Buy American Act, and other procurement-related policies.
  10. Assistance: The GSA offers various resources and support services to help businesses navigate the GSA Contract process. This includes the GSA Vendor Support Center, the GSA Small Business Utilization Office, and local Procurement Technical Assistance Centers (PTACs).
Revenue Management Jonathan Poland

Revenue Management

Revenue management is the practice of using data analytics to optimize sales and maximize revenue for a business. This can…

Barriers to Entry Jonathan Poland

Barriers to Entry

Barriers to entry refer to factors that make it difficult for new companies to enter a particular market. These barriers…

Employee Costs Jonathan Poland

Employee Costs

Employee costs refer to all of the expenses that are incurred when hiring and employing an individual. These costs go…

Unstructured Data Jonathan Poland

Unstructured Data

Unstructured data refers to information that is not organized in a specific, predefined way that is easily understood by computers.…

Crypto Jonathan Poland

Crypto

There are these new things in the world called crypto-currencies. You’ve definitely heard about them by now. The most famous…

Technical Requirements Jonathan Poland

Technical Requirements

Technical requirements are specifications for a technology such as a system or application. It is common to define technical requirements…

Added Value Jonathan Poland

Added Value

The total combined industries of consumer goods and services.

What is Competitive Parity? Jonathan Poland

What is Competitive Parity?

Competitive parity is a marketing strategy that involves matching or aligning a company’s marketing mix with that of its competitors.…

Capability Analysis Jonathan Poland

Capability Analysis

Capability analysis is the process of evaluating the capabilities of an organization, system, or process in order to identify its…

Learn More

What is an Economic Bad? Jonathan Poland

What is an Economic Bad?

An economic bad refers to a negative outcome or impact that results from business activity and consumption. This is in…

Organizational Culture Jonathan Poland

Organizational Culture

Organizational culture refers to the shared beliefs, values, customs, behaviors, and symbols that characterize an organization and differentiate it from…

Commercialization Jonathan Poland

Commercialization

Commercialization is the process of introducing a new product or service into the market and making it available for purchase…

Quality Management Jonathan Poland

Quality Management

Quality management is a process that ensures products and services meet certain standards of quality before they are released to…

Information Advantage Jonathan Poland

Information Advantage

A unique knowledge that provides a competitive edge in a specific situation is known as an information advantage. This advantage…

Taxation Risk Jonathan Poland

Taxation Risk

Taxation risks refer to the potential for a business to face financial or reputational harm due to issues related to…

Risk Probability Jonathan Poland

Risk Probability

Risk probability refers to the likelihood that a particular risk will occur. It is an important element of risk analysis,…

Contract Awards Calendar 150 150 Jonathan Poland

Contract Awards Calendar

Governments around the world typically follow a structured and organized process for awarding contracts to suppliers, contractors, and service providers.…

What is Risk Communication? Jonathan Poland

What is Risk Communication?

Risk communication involves informing people about potential hazards and the steps that can be taken to prevent or mitigate those…