The U.S. General Services Administration (GSA), through its Federal Supply Schedule (FSS) program, establishes long-term government-wide commercial item contracts that contain pre-negotiated prices and terms. GSA FSS contracts are the vehicles of choice for thousands of companies that sell to the government. Indeed, approximately $16 billion in information technology related products and services were sold under Information Technology Schedule contracts during government fiscal year 2010.
In recent years, high profile cases involving IT product manufacturers, resellers and system integrators resulted in settlements totaling well over $500 million. Notwithstanding the MAS program's popularity and numerous False Claims Act settlements, effective best practices addressing critical FSS requirements remain a mystery. During this webinar our experts will provide an in depth discussion regarding what contractors can do to mitigate pricing/compliance risk, manage FSS contract option extensions and audits, and reduce the financial impacts resulting from Department of Justice (DOJ) investigations.
The speakers will provide answers into the following questions:
- What are the common pricing and disclosure problems that lead to large FSS contractor settlements?
- What are some of the unique challenges for information technology companies and how can these challenges be addressed?
- What can contractors do to enhance post-award compliance to mitigate audit and financial risk?
- How should contractors manage contract option extensions and pre-award audits to mitigate risk?
- What can professional services providers do to avoid becoming targets in the next wave of Inspector General audits and DOJ investigations?