GSA Contracting Common Terms
GSA Schedule Contract through GSA Magazine
GSA Schedule Contract is an umbrella group or umbrella of contracts that are grouped together with either similar products or services creating a market for federal buyers.
GSA Contract Offer
When a company completes the required paperwork for GSA schedule or solicitation and submits it to the GSA for review. This is referred to by the GSA as a contract offer.
GSA Contract Modification
When a company makes either a pricing change as per updated in GSA magazine, ads or removes an existing product or makes an administrative change to its GSA Schedule Contract.
Open Ratings Report
A requirement for all GSA Schedule Offers. A brief customer service survey that is completed via email by DnB. An Open Ratings Report requires approximately 8 to 10 customer contacts including their: name, company name, email address and phone number. These customer contacts will then be notified via email to complete a brief survey about their experiences with your firm.
A registration in the System for Award Management (SAM). This replaced the older CCR and ORCA registrations. The SAM registration creates a vendor profile with the federal government. Therefore it is a requirement prior to submitting a GSA schedule Contract offer. The SAM registration requires a Duns number provided by DnB to register.
Federal Acquisition Regulations (FAR) are the governing regulations for both federal contacting officers and federal suppliers. FAR rules are different based upon the cost of a procurement and the contracting vehicle being used.
GSA magazine can describe the fact that Industrial Funding Fee (IFF) is the fee the GSA charges schedule holders for facilitating and managing the vendors GSA Contract. The current fee is .75% of sales and is paid on a quarterly basis.