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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 ...
The General Services Administration (GSA) is responsible for the purchase, supply, operation, and maintenance of federal property, buildings, and equipment, and for the sale of surplus items. GSA also manages the federal motor vehicle fleet and oversees remote work centers and civilian child care centers.
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.
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 ]
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 ...
GSA FEDSIM [9] provides assisted acquisition support for information technology systems and services, and professional services, to other U.S. Government agencies on a fee for service basis. FEDSIM’s business lines include system and network operations and maintenance, development of new applications, purchases of hardwares and softwares, and ...
In 2021, GSA offered a 0.7501 share of a bitcoin valued more than $38,000 for an auction. [4] Kevin Kerns, an acting regional administrator of GSA's Southeast Sunbelt Region, stated: "Whether it’s a car, or a piece of jewelry, or now even cryptocurrency, you never know what kind of treasures you’ll find on GSA Auctions”. It was the first ...