Introduction: IT Schedule 70 refers to the Indefinite Delivery Indefinite Quantity (IDIQ) Multiple Award Schedule (MAS) contract. GSA Schedule 70, refers to The General Services Administration’s IT Schedule 70, which is the government’s go-to source for IT acquisitions. This can be largely recognized with it’s benefits of cost savings, time savings, selection, and built-in value. GSA’s Federal Acquisition Service (FAS) and Office of Integrated Technology Services (ITS) has under taken IT Schedule 70 organizationally. GSA IT70 small business owners can achieve GSA IT Schedule 70 Contracts almost every day.
GSA IT Schedule 70 save both time and money for government customers, by getting associated with purchasing information technology via the pre-existing, pre-competed. GSA examines how much time a government will take to award its own full and open contract, using products and services readily available from GSA. After completion of review over 700 contracts, it has been found that large-value IT contracts take 25 months to complete on average. This is an average timeframe of IT Schedule 70 contacts. Further, in 77 percent of the 700 contracts examined, contract awards were ultimately made to vendors that already hold existing IT contracts. GSA IT Schedule 70 Contracts may seem like an unattainable dream for small business owners. The entrepreneurs also feel impossible to compete with corporations and other highly visible organizations. The GSA IT70 small business, can even supply more than 80% of Schedule 70 contracts.
The customers who belong to Federal, state, local, and tribal government should consider utilizing GSA’s IT Schedule 70 for the growth of GSA IT70 small business. In order to optimize the planning and procurement process, then leveraging GSA’s suite of e-Tools that facilitate market research and offer automated purchasing capabilities. Via pre-negotiated ceiling prices, cost savings can also be generated. This procedure provides significant discounts on commercial pricing. It also serves as a starting point for head-to-head competition or further negotiations.
The benefits of GSA IT70 on GSA IT70 small business are discussed below –
The GSA’s IT Schedule 70 is one of the largest moneymakers for the GSA, the duration is almost for a decade now. At the same time schedule 70 accounts for about half of the sales going through the GSA Contract program (all 33 GSA Schedules). Under the GSA Schedule Program IT Schedule 70 is a Multiple Award Schedule (MAS) contract. This type of contract is known as the Indefinite Delivery Indefinite Quantity (IDIQ), which means no orders or dollars are attached to the award, but it is rather a channel for sales to flow through (i.e. a License to hunt). It is one of the major procurement vehicles for IT products, software and Professional Services.
The GSA IT70 small business, need to get a GSA schedule contract in order to sell IT Products, software and professional services – those contractors want to pursue the GSA Schedule 70 or GSA IT Schedule 70, for their growth and development in their Federal Business prospects. GSA Schedule 70, is one and only largest schedule program, out of many other GSA Schedules Programs from both the aspects of sales and the competition. The GSA Schedule 70 Contractor can earn an average amount of revenue of $3.1 million US Dollar per year.
The State, Municipal and Local government agencies can purchase through the Cooperative Purchasing and Disaster Recovery programs. But the GSA IT70 small business is responsible to sell to federal buyers only.
The GSA IT Schedule 70 is mainly used by Federal government, as a major source for simplified IT purchases. Federal buyers enjoy the value that IT Schedule 70 purchases bring in saving time and money.
Customers are offered both online and in-person training, providing the assistance by GSA IT70 small business owners. It also supports to complete the often-complex IT purchasing process.
The general benefits of GSA Schedule contracts are –
Over $45 Billion in Annual Sales
Reduced Pool of Competition
Shorter, Simplified Sales Process
Competitive Advantage in the Federal Market
Can Be Used to Sell to All Federal Agencies
Can Be Used in Some Cases to Sell to State & Local Government
Businesses who are wishing to have a GSA IT Schedule 70 status can utilize the information, which is available through the GSA’s suite of e-Tools in order to optimize the planning, and procurement process. There are very few yet the main sources of information which can facilitate market research as well as prepare an organization to work with GSA.
Conclusion: Due to the GSA IT Schedule 70 contract program, the GSA IT70 small business owners will be benefited from pre and post-award information. Shall get advantages of certain tools for example - the GSA eBuy, GSA Advantage, and GSA eLibrary. As additional benefit the owners will get direct access to GSA, focusing ongoing source of support for Compliance and marketing the GSA Contract.
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