GSA proposes to require monthly reporting of transactional data and establish a pilot program to exempt certain products and services from the Price Reductions Clause
Last month, the General Services Administration (GSA) published a proposed rule that, if finalized, would do away with one of the most burdensome compliance requirements posed by Federal Supply Schedule (FSS) contracts.1 Specifically, through the proposed rule, the GSA seeks to modify the Price Reductions Clause (PRC) 2 to exempt from its application certain contracts, and those contracts would instead include a new monthly commercial sales reporting requirement. While the proposed relief from the PRC is certainly welcome news to most FSS contract holders, the proposed reporting provisions pose a new set of compliance challenges for holders of GSA-administered FSS and other GSA government-wide contracts.
New GSA Sales Reporting Rule Eliminates Onerous Price Reductions Clause and Commercial Sales Practices Disclosure Requirements for Participating Contractors
On June 23, 2016, GSA published a much anticipated final rule that amends the General Services Administration Acquisition Regulation (GSAR) to implement new transactional data reporting...24 June 2016
Stacy Hadeka and Allison Bender also contributed to this report.19 May 2016