As a business aiming to maximize your earning potentials, you are curious about how to win federal contracts. Because you have heard about companies that work in partnership with the government involving huge sum of dollars, you also wish to do the same. Searching for opportunities, you come across the word GSA Schedule. A lot of questions then entered your mind: What is a GSA schedule? What is its importance to businesses that are interested in securing federal contracts?
GSA refers to the General Services Administration that has the full authority on the acquisition and supervision of federal resources. It is the agency that works to develop the program for the Multiple Award Schedules. It functions to control the purchase of supplies, devices and others by the government. It announces federal contracting opportunities, receives and evaluates applications, and awards procurement contracts to deserving commercial businesses. Therefore, GSA Schedule talks about the procurement program that makes way for companies, small or not, to transact business and establish partnership with the government.
The process begins with the GSA inviting businesses to participate in the procurement process through an open competition. After receiving applications, it distributes GSA schedule contracts to companies that have successfully presented reasonable prices for certain products and services, as well as those that have displayed compliance to all laws and regulations.
Most companies prefer to participate in schedules program because it prevents them from going through the complex process of preparing proposals and attending time-consuming negotiations. More importantly, they can hire services for GSA consulting to provide them with the proper direction toward winning the federal contract. They involve people who are experts when it comes to the GSA Schedule programs. They are confident that with these individuals’ skills and experiences, they have better chances of getting GSA contract. Yes, GSA consulting is a big help to businesses that wish to earn a good spot in federal contracting.
GSA announces the list of procurement opportunities, informing entrepreneurs about every schedule name available, as well as the solicitation number that comes with it. This is where vendors may look for a program that perfectly fits them. There are more than 11 million trade products and services involved in the GSA Schedules Program. With this number, however, there are still some that are not acceptable to the procurement program. For one, ammunition and firearms, as well as architectural and construction services are not permitted.
Of course, every company must meet various criteria to be able to get a GSA schedule contract. GSA schedule requirements include proof of financial stability, record of past performance, list of products commercially available, two years of business existence and compliance of products to the Trade Agreements Act. These GSA schedule requirements ask for documents that are not difficult to produce. Hence, the success of the application lies on the proposal itself. This is where business owners have to make good. Now, after reading this article, do you still need to ask this question: What is a GSA schedule?
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