In the world of government contracting, one of the most confusing elements to navigate is the incessant use of acronyms. From government agencies to GSA Schedule terms, it seems as if there's an acronym for everything--and they aren't always spelled out. As a current or prospective GSA contractor, it's important you begin to learn government jargon because these terms will come up when you submit your GSA Schedule proposal, during GSA Schedule maintenance, and when you are communicating with government buyers.
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.
Do you know what the real benefits of being on the GSA Schedule are? Learn the top 10 reasons (and advantages) why you should consider it.
Government agencies often have a need to buy recurring goods and services, like office supplies, tools and equipment, and electronic parts. Government agencies know what they will need, but maybe not the exact quantity or exact timing of when they will need it. That is when a Blanket Purchase Agreement, or BPA, comes in.
When establishing a GSA Schedule contract, it is important to note the federal government intends to obtain equal or better pricing than the offeror’s Most Favored Customer (MFC). The reason is GSA has determined the prices under the GSA Schedule to be "Fair and Reasonable." During GSA contract negotiations, if the proposed prices are not deemed “Fair and Reasonable,” the offer can be either denied or negotiated further to meet the standards of the GSA. So, who determines "Fair and Reasonable" pricing? Let’s discuss the highlights so that your offer can be successful during the contract review process.
NAICS (North American Industry Classification System) codes are a very important part of government contracting. We've covered what a NAICS code is, how to use codes to determine if your organization qualifies as a small business, top spending trends and much more. Now that you know about NAICS codes, start using them now to find opportunities!
If you’re new to the world of government contracting, you may have little to no experience with writing and responding to a government solicitation. This may seem like a daunting task for those who haven’t crafted many solicitations. However, if you are armed with the right information, responding to a government solicitation can be a breeze for you and your company.