GSA Releases Final Rule on Transactional Data Reporting

The U.S. General Services Administration has released its final rule on transactional data reporting. The final rule requires that GSA Federal Supply Schedules (FSS) contractor holders, Governmentwide Acquisition Contracts (GWAC) holders, and Governmentwide indefinite delivery, indefinite quantity (IDIQ) contract holders submit eleven transactional data points to GSA on a monthly basis. The rule does not apply to VA FSS contracts.

To compensate for the increased burden to contractors, GSA is eliminating the Commercial Sales Practice (CSP) disclosures and the Price Reduction Clause (PRC) basis of award tracking customer requirement.

Read more in the Federal Register.