Cancel my GSA MAS Contract?
In order to cancel a GSA MAS Contract, a company must write a letter with thirty days notice to GSA stating that they are cancelling their MAS Contract. The actual cancellation is very simple. But, it is very important when cancelling a MAS contract to make sure all compliance issues are closed out up to that date. The GSA places compliant clients in higher value compared to those that do not remain compliant, therefore in order to properly cancel a MAS contract, it is important to stay compliant. This includes making sure the company still reports sales and pays the Industrial Funding Fee (IFF). If the company has subcontracts, it is important for them to notify the procurement officers of their effective cancellation of their contract. It is extremely important to continue to report and pay fee of what has already been done up to that date because the cancellation is only for the future, not for what has already been done.