The GSA is known as the General Services Administration. It is an independent agency that serves to support and assist in managing federal agencies’ basic functions. In short, it means that this administration gives federal employments the space they need, satisfies any requirements they have for communication and transportation and buys all of the tools that will be needed for these agencies, ranging from hardware down to office supplies. Not all companies have a GSA contract, but if you’re looking for a company, you’ll want a company that has one of them. What makes a GSA contract such an important part of a company? Find out why you should always go with a company that has a GSA contract.
What is a GSA Contract?
A GSA Schedule is a contract that commercial businesses are offered by the government. The GSA will use Schedules as a means of buying all sorts of great products and services at reasonable prices. It’s a big deal when a business can acquire a GSA contract because of the access they get to all of the wonderful supplies they provide.
There is a Huge Market
With the overall spending of the Multiple Awards Schedule being so huge, a company that gets a slice of that pie is going to have great resources. These businesses will get access to a piece of a $33 billion budget, something that exceeds what the entirety of the Department of Justice is given. Even a fraction of that budget will give businesses amazing tools to help you.
Many Contracts Will Last Five Years
Whenever a GSA-certified company is able to get a Schedule, that company will be able to offer services to organizations at the federal, state, and local levels for half a decade. This means a company will be helpful for an extended period of time.
A GSA Contract Will Only Be Offered to Competent Companies
Companies that are able to get a GSA contract have to satisfy certain requirements. They have to have been in business for at least two years. The business must bring in no less than $100,000 worth of revenue on an annual basis. The company cannot be in debt, and the services and products that the company provides have to be made by countries that comply with TAA. This means a company with a GSA contract has proven what a dependable company it is.
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