Less paperwork from the GSA?!

When the government implements a new regulation it takes some time for contractors to adapt and to "buy in" to the new regulation. However, the latest change to the GSA's Federal Supply Schedule Program should be quite the opposite because it means less work for contractors. 

The GSA's latest change, implemented on June 23rd of this year, to the Transnational Data Reporting (TDR) Rule changes how the GSA requires contractors to track and disclose Commercial Sales Practices (CSP) and Price Reduction Clause (PRC) information. All information will now be electronically submitted and tracked in the GSA's system. 

For those that regularly submit modification to their contract they understand how cumbersome it was to submit the information via the eMod system and then again upload the required CSP information. This new regulation will increase the transparency and ease of purchase for those buyers utilizing GSA Contracts and therefore not only save contractors time but will also increase the sales for them as well.

This new regulation is highly linked with the GSA's new Formatted Product tool check out our blog for more information: What is this Formatted Product Tool and what does it mean for your company?

Also, take a look at GSA Interact for more information on the changes.