A GSA Schedule Contract, also known as a Federal Supply Schedule or FSS contract, is a long-term contract between the U.S. General Services Administration (GSA) and a commercial business. These contracts allow federal agencies to purchase goods and services at pre-negotiated prices from approved vendors. To be compliant with a GSA Schedule Contract, a vendor must adhere to certain terms and conditions, such as pricing and delivery requirements, and must submit regular reports on sales and other activities. Additionally, the vendor must comply with all federal laws and regulations, including those related to labor, discrimination, and the environment. Vendors must also be able to provide a wide range of products and services at competitive prices to the government.
In addition to adhering to the terms and conditions of the contract and complying with federal laws and regulations, vendors must also maintain accurate records and be able to provide them to the GSA upon request. This includes records related to sales, deliveries, and any other activities related to the contract. Vendors must also submit regular reports, such as the annual sales report, which provides information on sales made under the contract.
Vendors must also be able to provide a wide range of products and services at competitive prices to the government. This includes meeting the needs of different agencies and customers, as well as being able to offer different types of contracts, such as firm-fixed-price, cost-reimbursement, and time-and-materials contracts.
It’s important to note that GSA Schedule Contract compliance is ongoing, meaning that vendors must continue to meet the terms and conditions of the contract and comply with all federal laws and regulations throughout the life of the contract. The GSA may also conduct audits or other reviews to ensure compliance, and vendors found to be non-compliant may face penalties or have their contracts terminated.
Overall, GSA Schedule Contract compliance is a serious matter, and vendors must take the necessary steps to meet all requirements and maintain compliance throughout the life of the contract to ensure the continued success of their business with the federal government.