If you're new to the world of government contracting and have never submitted a GSA Multiple Award Schedule (MAS) offer before, the concept of a GSA Schedule financial review may seem overwhelming to you. Many companies are required to submit to the financial review process, and just with any government process, there is a path to success. In previous Winvale blogs, we’ve touched on new Schedule offerors being required to demonstrate financial responsibility as a requisite technical sub-factor, but in this guide, we will break down the GSA Schedule financial review process into easily digestible bits.
The General Services Administration (GSA) Multiple Awards Schedule (MAS) contract is a popular contract vehicle used by commercial companies to sell to government agencies and entities. The GSA Schedule requires companies to draft a 3-part proposal comprised of an administrative, technical, and pricing section. While all sections are equally important, the pricing section requires dedicated attention and diligent research to meet GSA’s pricing rules. As contract holders ourselves, we know how complex the requirements can be, so below are 5 tips that will help you structure your pricing section with ease.
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.
It’s no secret the federal government prioritizes small business participation in federal contracts. In Fiscal Year (FY) 2019, the federal government awarded $162.9 billion in contract dollars to small businesses. How does the government accomplish this? The federal government requires Other Than Small Businesses (OTSB) to create a “practicable opportunity” for small businesses to participate in federal procurement. One of the ways to accomplish this is through small business subcontracting.
Did you know that having a small business designation can fuel marketing and sales efforts for new federal business opportunities? Every year, the Small Business Administration (SBA) aims for certain percentage goals of budget spending that are designated for small business contracts. So, it’s critical to know if your company is eligible for small business set-aside contracts, but how can you be sure?
The global economy has taken a hit—from disrupted supply chains to price volatility, there have been severe supply shortages and an increase in prices. This inflation has caused a significant increase in the number of Economic Price Adjustment (EPA) modifications among GSA contractors. Recognizing this critical issue, GSA jointly issued a GSA acquisition letter last year placing a temporary moratorium on a number of limitations in certain GSA EPA clauses. GSA has now updated and extended the moratorium to March 31, 2024, in a supplement letter.
If you are a new or prospective GSA Multiple Award Schedule (MAS) contractor, you may be wondering how to calculate your GSA prices. It’s important to consider the various factors that are involved so that your business can be profitable, but your prices are also fair and reasonable in the eyes of GSA. Having a well-defined understanding of the pricing prerequisites before entering negotiations with your Contracting Officer can be extremely beneficial for your company.