Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 12-Mar-2015

A rules proposal would require suppliers to electronically report the price the federal government paid for an item or service purchased through GSA acquisition vehicles. The agency said the rule suggested in the March 4 Federal Register will assist agency buyers in making more informed decisions and in conducting better price negotiations, while contractors will benefit from knowing what their rivals are charging and adjust their prices to stay competitive.

According to GSA, the existing lack of transparency on prices paid by federal customers for goods and services— besides office supplies, which are registered through the Federal Strategic Sourcing Initiatives—has enabled significant price variations from the same supplier for the same procurements as well as unnecessary duplication of contract vehicles. It said the price variation was 300% or more in some cases.

The regulation would enable GSA to collect transactional data instantly on all newly offered government-wide acquisition contracts and multi-agency deals. For the multiple award schedules scheme, GSA would enforce the data reporting requirement gradually, starting with a pilot involving certain products and services.

In the mean time, it would test eliminating the tracking requirements of the price cut clause regulation seeking to eliminate them completely. It said the move would remove an expensive burden from contractors.

Go to previous page