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The GSA Schedule is awarded as a prime contract entered into by the federal government and a vendor that has submitted an acceptable proposal. At the core of the GSA Schedule contract lie two key concepts: 1) Basis of Award customer or group of customers and 2) Price Reduction Clause.
The Federal Property and Administrative Services Act of 1949 is the United States federal law which established the General Services Administration (GSA). [1] The act also provides for various Federal Standards to be published by the GSA. Among these is Federal Standard 1037C, a comprehensive source of definitions of terms used in ...
IDIQ contracts are frequently awarded by various U.S. government agencies, including the General Services Administration (GSA) [6] and Department of Defense. [7] They can be in the form of multi-agency contracts under the Government-Wide Acquisition Contracts (GWAC) system, or they may be government agency-specific contracts. [ 8 ]
Thus, on its face, the overall price of a bid when each poll is added together to arrive at a total price (used in source selection) would look attractive but in practice, the Government will burn through its budget very quickly given the vast majority of the actually ordered polls are extremely expensive (even though the actual cost of the ...
GSA Advantage is an online shopping and ordering service created within the GSA for use by government agencies to buy commercial products and services. Its mission is to provide a streamlined purchasing portal for federal agencies to acquire goods and services.
The reason why Simplified Acquisition Procedures are permitted for items above the $250,000 [24] simplified acquisition threshold for commercial items is there is an efficient market pricing mechanism which pressures market participants to provide goods and services at a fair and reasonable price which represents very efficient / non-wasteful ...
Cost-plus pricing is a pricing strategy by which the selling price of a product is determined by adding a specific fixed percentage (a "markup") to the product's unit cost. Essentially, the markup percentage is a method of generating a particular desired rate of return. [1] [2] An alternative pricing method is value-based pricing. [3]
The U.S. General Services Administration (GSA), which is responsible for government buildings, was also developing a system. The AIA and GSA agreed on a system and named it UNIFORMAT. The AIA included it in their practice on construction management, and the GSA included it in their project estimating requirements.