Audit Proof Your GSA Schedule Contract
The course is offered as a webinar only.
- Provide you with the procedures a company should follow in preparation for an audit
- Alert you to the risks associated with a GSA Schedule audit
- Provide you with protective measures to mitigate specific audit risks
- Give you detailed procedures and guidelines to ensure compliance
Why is This Course Different?
Many consulting companies helping people with their GSA Schedule proposals withhold the secrets to the successful negotiation of your Schedule offer and GSA Schedule contract management. After attending Fedmarket's class, you'll not only be fully prepared to help your company with its Schedule contract, you'll understand the game. This class will greatly enhance any contractor's resume.
Who Should Attend?
The course is perfect for business owners, managers and contract administrators afraid that they might run into a few snags with GSA when it comes to handling requested price increases, negotiations, contract modifications and the reporting of your company's discounting practices throughout the life of the contract.
Why Should You Attend?
Administering a GSA Schedule contract takes a very unique, flexible mindset and Fedmarket will help you know what GSA is examining when they are considering you for an audit. Fedmarket is convinced that if you keep your team informed on the critical issues, you will avoid, or at least be fully prepared for, the GSA audit.
GSA Schedule Fundamentals
- Key aspects of a GSA Schedule
- Understanding the difference between Basis of Award Group and Most Favored Customer(s)
- GSA pricing regulations and required discounting disclosures
- An explanation of the Industrial Funding Fee
- What to expect during a GSA audit
- The basic contractual terms of the Schedule contract
- What do the regulations mean by "fair and reasonable" pricing
- The definition of "spot discounting"
- Making changes to your approved GSA Schedule pricing after contract award
- The issues associated with modifying your GSA Schedule contract
Risks and Mitigation
Risk 1: Improper Disclosures of Discounting Practices
- Before award - making the required disclosures
- After award - what to do if you discover that your company hasn't made full disclosure
Risk 2: The Price Reduction Clause
- What is it and how is it enforced
- Specific risks
- Financial exposure
Risk 3: Price Changes
- GSA price change policies
- What do price increases or decreases mean to your bottom line
- Implementation of price changes
Risk 4: Accounting for and Payment of the Industrial Funding Fee (IFF)
- GSA's policies pertaining to the IFF
- How do the pertinent government regulations regarding the IFF affect your bottom line
- The implementation of IFF accounting and payment procedures
Risk 5: Trade Agreement Act
- What is the Trade Agreement Act
- Voluntary disclosures and compliance with the Trade Agreement Act
- Measures to undertake if you are not in compliance
Communication with the Contracting Officer
- Communication - the key to compliance
- Formats for Contracting Officer communications
- When are contract modifications necessary
- The essential elements of a contract modification
- Our suggested format for modifications
- How to use eMod for modifications
Implementation of policies, systems, guidelines, and procedures to mitigate audit risks
- Implementing effective discounting policies
- Communicating and enforcing discounting policies
- Accounting procedures
- Reporting procedures
- Tying it all together and employee training
Cancellations & Rescheduling
Cancellation notification must be received one week prior to the course date. Upon notification, your registration fee will be refunded less a $100 non-refundable processing fee. Any cancellations beyond the one week period are non-refundable but you have the option of rescheduling. If you reschedule to attend another course, we will apply your prior payment toward your new registration fee. No refunds will be made for the cancellation of a rescheduled course. Personnel substitutions may be made at any time. Payment must be received prior to the course date. No-shows are liable for the full course fee.