05/28: Sales, Reports, and IFF: Surviving a GSA Contractor Assessment

During a five-year term as a GSA Schedule holder ? GSA will contact the contractor for an assessment with frequency depending on several factors: to include sales revenues, report submittals, and IFF remittances. An Industrial Operations Analyst (IOA) will reach out to the contractor and arrange for the logistics of the visit. Formerly known as a Contractor Assist Visit (CAV), a Contractor Assessment can be scheduled from annually to twice during the term, typically, midway through the five-year contract period and prior to an optional extension. The IOA will request the Contractor pull certain files and the visit itself may be an actual or a virtual visit.

This presentation prepares you on what to expect in a Contractor Assessment and covers the following topics: Contract documents required, Meeting your Sales requirements, Sales tracking system, Pricing verification, Trade Agreements Act compliance, Basis of Award customer discount monitoring and Transactional Data Reporting (TDR),  Scope of contract, Labor Categories, Rates, Selected Item Numbers (SINs), Timely Reporting of Sales,  Commercial Sales Practices Format, Transactional Data Reporting (TDR),  Remittance of Industrial Funding Fee, Contractor Assessment Report

Presenter: Joe Hidalgo, CPCM, PMP, President, First Team Solutions, LLC

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