What is a GSA Contract
What is a GSA Contract and How Can it Benefit Your Company?
First and foremost, GSA stands for the General Services Administration which is the centralized authority for the GSA Contract and acquisition and management of federal government resources. Although GSA manages government-owned buildings, historical properties, and fleets of government vehicles, it is most commonly known for the Multiple Award Schedules (MAS) Program. The purpose of this MAS program and the GSA Contract is to leverage the incredible buying power of the federal government in order to negotiate more simplified contracts with commercial entities. The GSA Contract was developed to assist any federal employee in purchasing goods and services, and it contains pre-negotiated prices, delivery terms, warranties, and a host of other terms and conditions.
A GSA Contract, also known as a Federal Supply Schedule, is an indefinite delivery, indefinite quantity (IDIQ), long-term contract under the MAS Program. A GSA contract is a five year unfunded contract based on a particular company’s commercial discounting structure. Though it is good for an initial five years, a GSA contract also comes with three 5-year extension periods. This means that your company could potentially hold a GSA contract for as long as 20 years.
How can a GSA contract benefit your company, you ask?
The intense vetting process associated with obtaining a GSA contract will show any federal, state, or local buyer that you are a company in good standing and that you have the ability to deliver the products and/or services that you are proposing to sell to the government. Furthermore, prices that are awarded on a GSA contract have already been deemed to be of fair and reasonable value and in compliance with all applicable laws and regulations. This reduces the evaluation cycle and seeks to eliminate the complex and lengthy RFP and negotiation process.
The following entities are eligible to purchase from a GSA contract:
- Federal and executive agencies
- Government contractors authorized to buy on behalf of federal and executive agencies
- Government of the District of Columbia
- State and local entities (Schedules 70 & 84 only)
- Mixed ownership government corporations (AMTRAK, US Post Office)
- Eligible international organizations and non-governmental organizations
So, what are you waiting for? Contact Winvale today to obtain your GSA contract and put your company on the fast track to get your slice of the $30 billion pie!