What is a GSA Schedule?
If you’re new to government contracting, you’re probably asking yourself,
What is a GSA Schedule contract?
GSA Schedule Contracts, also known as Federal Supply Schedules, are indefinite delivery, indefinite quantity (IDIQ), long-term contracts under the General Services Administration’s Multiple Award Schedule (MAS) Program. GSA Schedule Contracts were developed to assist federal employees in purchasing products and services, and contain pre-negotiated prices, delivery terms, warranties, and other terms and conditions. GSA Schedule contracts can also be used to connect government agencies to commercial companies for their business.
- GSA contracts offer government customers direct delivery of commercial supplies and services at discount pricing.
- Contracts with commercial firms have 4, 5 year option terms equaling up to 20 years.
- GSA Multiple Award Schedules are IDIQ contracts, which means they do not have buying limitations.
- GSA Multiple Award Schedules are also Government wide.