What cost or pricing information does GSA require to establish a GSA Schedule contract? If cost or pricing information is used as the basis for award of a GSA Schedule contract, do ordering offices need this information to establish GSA Schedule BPAs?

GSA evaluates GSA Schedule offers in accordance with procedures in the FAR and the General Services Administration Acquisition Manual (GSAM). GSA Contracting Officers determine that prices are fair and reasonable, prior to the award of a GSA Schedule contract, by comparing the prices or discounts that a company offers the government with the prices or discounts that the company offers to its own commercial customers. This negotiation objective is commonly known as “most favored customer” pricing. Since GSA has already determined that prices under GSA Schedule contracts are fair and reasonable, ordering offices do not need to make a separate determination of fair and reasonable pricing and, therefore, do not need to obtain cost or pricing information to establish a GSA Schedule BPA.