July 13, 2016
Vendors could save millions with new GSA reporting requirement
Source: Federal Times, Aaron Boyd, June 22, 2016
The General Services Administration is publishing a final rule on June 23 for what it’s calling the “most transformational changes to GSA’s Federal Supply Schedules Program in more than two decades.”
The Transactional Data Reporting (TDR) rule requires federal contractors to report data on individual task orders and purchases made on GSA schedules, including part numbers, quantities and prices paid. While this seems like an additional requirement for vendors, the new process will eliminate some older reporting requirements and is intended to streamline the process.
Federal Register: GSA Transactional Data Reporting Rule
GSA procurement officials expect the new process will save millions a year in processing overhead, namely by eliminating commercial sales practices disclosures and the Price Reductions Clause.
“GSA estimates that the rule’s removal of current burdensome requirements will result in an estimated annual burden reduction of $29 million for vendors participating in Transactional Data Reporting,” according to Jeffrey Koses, GSA senior procurement executive. “The rule takes cost out of a cumbersome, duplicative federal contracting world and puts money in agencies’ hands so they can execute the best procurement possible to meet their missions.” READ MORE….
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