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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 ...
"Nonpersonal services contract" means a contract under which the personnel rendering the services are not subject, either by the contract's terms or by the manner of its administration, to the supervision and control usually prevailing in relationships between the Government and its employees.
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
As of August 6, 2024, government agencies are now able to procure IDI’s next-generation investigative solution, idiCORE ™, and associated IDI products and services with ease and confidence through Carahsoft’s GSA Schedule contract. This strategic alliance is a significant step in IDI’s commitment to deliver innovative solutions and ...
Multi-year contracts generally lower the risk for the contractor, and thus the unit price paid by the Government. One way to look at this situation is that a multi-year contract contains a real option for the contractor to escape the uncertainty associated with a sequence of single-year contract negotiations (analogous to a put option). Real ...
According to the GSA website, "A Governmentwide Acquisition Contract (GWAC) is a pre-competed, multiple-award, indefinite delivery, indefinite quantity contract that agencies can use to buy total IT solutions, including both products and services." [2] Federal agencies may create GWACs to support the work of the federal government.
Learning Tree International GSA IT Schedule 70 Contract Extended RESTON, Va.--(BUSINESS WIRE)-- Learning Tree International (NAS: LTRE) announced today that it has received an extension of its GSA ...