Compliance Risks for GSA Contractors
When supplying products and/or services to the Federal government through a GSA Schedule contract, contractors must continuously make sure their company’s operations and activities are in compliance with the terms and conditions of their GSA Schedule contract to avoid any penalties. New legislation and acquisition regulations are making the understanding of contract compliance requirements critical for GSA contractors to successfully sell products and/or services through a GSA Schedule contract. Increasing contractor audits and enforcement requirements including minimum sales requirements, IFF payments have also increased the importance of understanding and implementing compliance requirements. Post-award compliance activities are of most importance for contractors to avoid consequences after the award of GSA Schedule contracts.
After being awarded a GSA Schedule contract, GSA contractors must be prepared to keep up with all compliance requirements while conducting business through a GSA Schedule. It is apparent that many contractors neglect their compliance requirements until damage has already occurred. Contractor non-compliance can tarnish relationships with the government and lead to significant fines and repercussions that could easily have been avoided through effective post-award contract management. The main areas in contract compliance that pose the highest risks for GSA contractors include the following:
- Commercial (MFC) Pricing
- GSA Pricing
- GSA Terms and Conditions
- Trade Agreements Act
- Ethics and Business Conduct
- Human Resource Requirements
- Small Business Subcontracting Plan
- GSA’s Contractor Assistance Visit
- Business Size and Type Representation
- The Mandatory Disclosure Rule
To assist in combating these common compliance issues, a complimentary webinar is being presented for GSA contractors to discuss these top ten compliance risks. This informational webinar will equip contractors with an understanding and knowledge of how to properly maintain and comply with their GSA Schedule contract.