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Expert Analysis

6 Questions About GSA's 'New Vision For Federal Purchasing'

Law360, New York (March 11, 2015, 10:23 AM EDT) -- On March 4, 2015, the General Services Administration issued a proposed rule that aims to overhaul pricing practices and contractor reporting requirements under its multiple award schedule contracts, including the Federal Supply Schedule. See GSA Acquisition Regulation, Transactional Data Reporting, 80 Fed. Reg. 11,619 (Mar. 4, 2015). Calling the proposal a "new vision for Federal purchasing," the GSA's announcement signals a fundamental shift away from the existing price reductions clause to a new framework that relies on transactional data reporting to facilitate horizontal price comparisons between vendors....

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