What are the features of GSA schedule?

GSA or the General Services Administration is a government agency, established in 1949. The GSA, has been evolved for over the years and is tasked with managing government buildings, real estate, providing product and service procurement support, developing polices and regulations. GSA is known for its development of GSA Multiple Award Schedule (MAS) Contracts, also referred to as Federal Supply Schedule Contracts or the Program relevant with GSA Schedule.

The most effective and convenient buyers-sellers platform is the GSA Schedule. Through this process buyers can experience the most simplified ordering procedures and can reduce prices, on the other side, sellers get connected to federal buyers and instantly without any hassle.

Buyers:

• Contract ceiling prices are negotiable
• While ordering there will be scope of discounts
• There will be the concept of single contracting vehicle in order to fulfill complex or ongoing needs and reduce overall contract awards and administration
• As the master contract is managed by GSA, therefore, entire administration and contract documentation process is time consuming.
• Socioeconomic credit award goes to small business and other socioeconomic categories

Sellers:

• Increased opportunities to reach federal buyers
• Increased opportunities for socioeconomic set-asides
• In case of all options are exercised then there will be an Opportunity for a 20-year contract

Benefits –

• Over $45 Billion in Annual Sales
• Reduced Pool of Competition
• Shorter, Simplified Sales Process
• Competitive Advantage in the Federal Market
• Can Be Used to Sell to All Federal Agencies
• Can Be Used in Some Cases to Sell to State & Local Government

It can be obtained by Businesses, non-profit organizations, and educational institutions, in order to sell products and services to government customers. This contract is supposed to streamline the government sales process. There are lots of terms that are interchangeably used to refer to the GSA schedule contract. This may create some confusion to those companies, who are new to GSA program.

Conclusion: GSA Schedule Contracts were structured in order to assist federal employees in purchasing products and services. It has pre-negotiated prices, delivery terms, warranties, and other terms and conditions in order to streamline the purchase process.