Government Contracting Blog

The Biden-Harris Administration intends to heavily invest in our nation’s infrastructure. In March 2021, Biden unveiled the the American Jobs Plan, which will allocate $2 trillion to create more jobs and rebuild the U.S. infrastructure.  A significant aspect of the American Jobs Plan is a $621 billion investment in transportation infrastructure, including public transit, modernizing roads, bridges, and highways, and electric vehicles (EVs). Electric vehicles are a large part of Biden’s plan—he wants to build a network of EV charging ports across the nation’s highway system and electrify the federal government’s transportation fleet.

Maintenance and compliance are a huge part of being a successful GSA Schedule contractor. One of the more important compliance requirements for GSA contractors is submitting sales in the Federal Acquisition Service Sales Reporting Portal, also known as FAS SRP. The FAS SRP supports the collection of data required by FAS procurement programs including Multiple Award Schedules and other Government-Wide Acquisition Contracts (GWACS).

The U.S. federal government has become increasingly connected in the digital age. This affords great opportunities but also requires a significant investment in cybersecurity. Every organization has information that it needs to keep private, but the federal government has especially sensitive data that needs to be heavily guarded. A single leak could cause rampant issues from identity theft to leakage of confidential information. To keep information secure in our constantly changing digital world, the Highly Adaptive Cybersecurity Services (HACS) Special Item Number (SIN) was created under the Multiple Award Schedule (MAS) Program. 

Most GSA contractors are used to working with federal government agencies through the Multiple Award Schedule (MAS) Program. While federal government agencies do account for a large percentage of GSA revenue, some of the major buyers through the GSA MAS Program are state and local government entities. State and local government entities cannot purchase everything through GSA Schedules, but they can qualify through certain programs. One of the ways in which states and local units of government can purchase off GSA Schedules is through the 1122 Program.

You might have run across the terms “IDIQ” or “Indefinite Delivery, Indefinite Quantity” when researching options to sell your solutions to the government through the GSA Multiple Award Schedule (MAS) Program. It might just seem like another government contracting acronym to you, but it’s a crucial term to remember. So what are IDIQs? Indefinite Delivery, Indefinite Quantity (IDIQ) contracts were created to help streamline the procurement process and speed-up delivery. All GSA Schedule contracts are IDIQ, so if you are a prospective or current GSA contractor, you should understand how they work.

As a GSA Multiple Award Schedule (MAS) contractor, one of the most critical tasks in ensuring that your contract remains compliant is to report your GSA sales and to remit the Industrial Funding Fee (IFF). GSA contractors are required to report their sales through the Federal Acquisition Service (FAS) Sales Reporting Portal (SRP) on a quarterly or monthly basis.