An Executive Overview of GSA’s FTP (Formatted Product Tool)
Just after its 67th anniversary, GSA began Phase I rollout of its Formatted Product Tool (FPT) in an effort to facilitate the standardization of similar parts offered by different contractors and increase the efficiency in which contractor’s pricelists are updated and made available on GSAAdvantage!. FPT is a systems upgrade within the existing eOffer and eMod platforms for certain Schedules and is an enhancement for GSA Schedule contractors as it eliminates the need for the Schedule Input Program (SIP) and Contracting Officer Review System (CORS) processes.
For those not familiar with SIP, this is one of the most common methods for uploading your GSA Pricelist, so that your products/services are visible on GSA eLibrary and GSAAdvantage!. This process can be quite lengthy because it is a multi-stage process requiring 1) a pricelist to be awarded through a new offer award or existing contract modification; 2) the pricelist to be uploaded by the contractor through SIP; and 3) the price ist to be approved by GSA which would result in the pricelist being posted online. Typically, contractors expect no less than 48 hours for their pricelist to be updated. The program can have glitches as well so, combined with the length of time to complete the process, it has been a source of frustration for contractors since its inception. FPT is meant to eliminate the lag between award and acceptance of their new pricelist.