Economic and employment impact study helps show value and positive impact of large government system to the community
Article

Common MythConceptions in GSA Schedule Contracting

In a recent issue of Contract Management, Baker Tilly government contractor advisors discussed common misconceptions in General Services Administration (GSA) Schedule contracting.  This article seeks to help contractors better understand their disclosure and compliance obligations.  Download the article to learn more about the following “mythconceptions” contractors may have:

  • The Basis of Award (BOA) and the Most Favored Customer (MFC) must be the same
  • The government should always receive a contractor’s MFC discounts
  • Certain sales can be considered “non-comparable” and do not trigger the Price Reduction Clause (PRC)
  • Sales to federal prime contractors are federal sales and do not need to be disclosed
  • The only way to trigger the PRC is to grant prices or discounts to BOA customers that are better than those negotiated with GSA
  • It is sufficient to simply submit the contractor’s standard policies and procedures as representative support for a customer’s Commercial Sales Practices (CSP’s)

Download the article

Related sections

Advisor meets with clients
Next up

Internal audit value optimization for insurance organizations