Posts Tagged ‘GSA’
GSA’s Rightsizing Initiative – What Does it Mean for MAS Contractors?
At a Glance: The Full Story: The General Services Administration (GSA) launched a new initiative aimed at rightsizing its flagship Multiple Award Schedule (MAS) contract vehicle. This initiative aligns with the recent Trump Executive Order Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement. The MAS Program is the largest government commercial acquisition program worldwide…
Read MoreTop Five Failures in GSA Office of Inspector General (OIG) Audits #4, Sales Tracking Systems and Reporting
At a Glance The Full Story: The fourth in a series of articles dedicated to GSA OIG audit compliance failures focuses on MAS sales tracking systems and reporting. All MAS contractors must comply with GSAR 552.238-80 Industrial Funding Fee (IFF) and Sales Reporting. GSA does not mandate the use of specific accounting software, but the…
Read MoreDiligence Considerations When Acquiring A GSA MAS Contractor
At a Glance: Got any questions? Schedule a consultation with Aprio’s GSA Audits and Investigations Team today. The Full Story: GSA’s Multiple Award Schedule (MAS) is a hugely popular contract vehicle. In fiscal year 2023, over 15,000 MAS contractors reported more than $50 billion in sales. Chances are, if you are acquiring a federal contractor,…
Read MoreTop Five Failures in GSA Office of Inspector General (OIG) Audits #3, Overcharges and Overstated Rates
At a Glance The Full Story: The third in a series of articles dedicated to GSA OIG audit compliance failures focuses on overcharges and overstated GSA ceiling rates. Both issues can have a material impact on your company’s bottom line. Overcharges discovered in audits result in the contractor issuing a refund payment to the government.…
Read MoreGSA Overhauls Price Adjustments on Multiple Award Schedule Contracts
At a glance Schedule a consultation with Aprio’s GSA team today. The full story: The pandemic’s impact on supply chains and resulting inflation caught many flat-footed. Government contracts, infamous for stifling red tape, were especially ill-suited to cope with such volatility. MAS contractors quickly raised concerns about the negative impacts of GSA’s regulatory restrictions on…
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