By Global Services on Aug 1, 2023
As an industry leader in GSA Schedules and Compliance Consulting, our team at Global Services is always happy to support your organization with the best practices that will keep your company up to date with its GSA Schedules and in compliance to continue winning work! Specifically, we’ll explore the importance of pricing compliance, the monitoring of GSA sales and IFF remittance, contract updates via modifications, and preparations for Contractor Assessment Visits. With our headquarters in the heart of Washington DC, we’re well-equipped to help you with GSA Compliance and understanding GSA Schedules in Washington DC.
Maintaining Pricing Compliance in GSA Contracts
It’s crucial to understand your Basis of Award (BOA) and the Price Reductions requirements when dealing with GSA contracting. At Global Services, we insist on the establishment of an effective system or procedure to ensure ongoing compliance with the BOA discount relationship, as outlined in your Multiple Award Schedule (MAS) contract. This relationship is defined by the pricing you offer to your Most Favored Customer (MFC) or a specific class of MFCs. The BOA necessitates that contractors maintain a stable discount relationship between GSA pricing and the pricing extended to the BOA customer. Interestingly, you can offer a lower price than GSA pricing to government/Schedule customers without influencing the BOA relationship, albeit this does not apply to Transactional Data Reporting (TDR) contracts.
Tracking and Reporting GSA Sales and IFF Remittance
GSA places considerable importance on accurate and comprehensive tracking and reporting of sales. They may not specify a particular accounting software for tracking eligible sales, but the accuracy of your chosen system is vital. Contractors choose from a wider variety of options including QuickBooks, Unanet, Deltek, and more. It’s your responsibility to make sure that the system can correctly identify, track, and report relevant sales promptly for IFF payment.
Updating Contracts Through Modifications
Keeping your contract accurate, up-to-date, and complete is a GSA requirement that necessitates modifications. These alterations, whether bilateral or unilateral, can encapsulate changes in price, products, or services added or deleted from the contract, or modifications to the terms and conditions of the contract. Remember, these modifications can directly influence your GSA Schedule contracts’ compliance.
Preparation for Contractor Assessment Visits (CAVs)
CAVs are conducted by GSA’s Industrial Operation Analysts (IOAs) to confirm that you’re adhering to contractual terms and conditions, and have the necessary support to be successful. During these visits, GSA will request sales data to verify that sales are reported accurately and that the IFF is paid promptly. In case of any compliance issues identified during the CAV, the IOA will guide you on how to resolve them.
To sum up, Global Services is here to assist you with all your GSA contracting needs, from ensuring compliance to managing contract modifications. We are experts in providing tailored solutions for GSA Compliance and GSA Schedules in Washington DC.
Ready to navigate GSA contracting with ease? Reach out to us at www.globalservicesinc.com/contact and let’s start your journey towards effortless compliance and successful contracting.