GSA to lower schedule fees

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<FONT SIZE=2>The General Services Administration will lower the fee it charges to use the Federal Supply Service schedules to 0.75 percent from 1 percent of a contract's value. The new fee structure will go into effect Jan. 1, 2004. A General Accounting Office report in July found that the GSA schedules program had a surplus of more than $56 million in 2001. In fiscal 2002, agencies spent a record $22 billion on the schedules, and GSA earned about $210 million in fees.</FONT>

The General Services Administration will lower the fee it charges to use the Federal Supply Service schedules to 0.75 percent from 1 percent of a contract's value. The new fee structure will go into effect Jan. 1, 2004. A General Accounting Office report in July found that the GSA schedules program had a surplus of more than $56 million in 2001. In fiscal 2002, agencies spent a record $22 billion on the schedules, and GSA earned about $210 million in fees.

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