Transactional Data Reporting (TDR)- What is it and why do you care?

The new transactional data reporting rule is now requiring vendors to electronically report the price the federal government actually paid for an item of service through the GSA acquisition vehicle. The rules on pricing with GSA have always said that the negotiated price is a ceiling price- meaning that vendors are free to provide GSA customers with additional discounts as they see fit. This means that tracking the actual cost paid for products/services vs. the “GSA price” has been a consistent problem for contractors and the GSA alike.

TDR reporting will be more time intensive for contractors who chose to be a part of the pilot program. Tracking the price per product instead of dollars per SIN will require additional work. However, the benefits for contractors are great as well. With TDR, Commercial Sales Practices and the Price Reduction Clause track will be eliminated for those who chose to part of the pilot program! Once the mod is accepted, contractors participating in TDR will no longer have to provide a CSP when submitting contract modification and will not have to track their BOA customer.

For contractors that accept the modification between now and December 31^st, the new reporting rules will go into effect on January 1^st.

If you are unsure how TDR will affect your contract administration efforts, drop us a line at info@govconsvcs.com and we’ll see if you can help you unravel the new rules and how to best move forward. 

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.