What is a 5 years GSA contract?

Introduction: To introduce GSA Schedule, we can say that it’s a federal government contract last for five years Multiple Award Schedule (MAS Contract). This is also known as the General Services Administration or 5 years GSA Contract. 

The GSA Schedule program extends the opportunity to businesses (irrespective of it’s size) to win lucrative federal contract, in the most fastest and affordable way. But, make sure that you are winning the contract after completion of the GSA’s massive solicitation and submitting the award program. The process of completing this award program, the procedure includes price negotiation, terms and conditions. As a result, you will be receiving the GSA contract for five years, which can be renewed by you for up to a total year of 20. Your pricing is changeable as you start growing with your business. Therefore, you should have knowledge about how a GSA contract can work or how do you get a GSA contract?

It's not a very complicated concept. Initially, if you are in business for at least a period of two years, and your gross sales count is around $150,000, having happy customer – you can now consider by the government as an elite vendor, having preapproved pricing once you win your 5years GSA Contract.

In early 2015, the GSA wanted to see a 22% growth in spending on the GSA Schedules. There are very limited vendors, who can handle spending up to this much. For the business owner who aims to find target rich markets in order to sell more stuff. Here demand is more than the supply. Thus, the vacuum can be fulfilled. Though the visibility is too significant to ignore, yet, it is worth to have the trouble.

Conclusion: For businesses who have won their 5 years GSA Contract, they can now play with the largest spending sandboxs on Earth. During 2020 only, the GSA spent more than $34 BILLION for this program mostly with small businesses. Their projection is significant and increasing in spending over the next 10 years, to include more agencies in to the GSA Schedule program.