GSA

GSA implements rule to make detailed data more available to contractors

The General Services Administration has done away with commercial sales practice disclosures and the price reduction clause in federal contracts with a new rule, according to FCW.

With the Transactional Data Reporting rule, which went into effect June 22, contractors will be required to provide more detailed data on the costs agencies are paying for purchases through contract vehicles. This detailed data will let contractors see what other agencies are spending and purchasing.

GSA officials said the combination of the removal of these requirements and the additional data will save approximately $29 million a year across contract vehicles, FCW reported.

The rule will be implemented via a pilot program, which includes the GSA's IT Schedule 70 contract.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.