Introduction: When your GSA Schedule contract is about to expire it’s validity of the 20-year period contract, you can chose “streamlined acquisition” or “option extension.” But what will be the suitable action to take for GSA Schedule 2021, extension? Generally, when your Multiple Award Schedule (MAS) contract, is about to over, you have to establish a brand-new contract which reflects the current status of your contract. You basically need to extend your contract, when you are approaching the end of five-year period on your GSA Contract.
So, let’s discuss the specific procedure of schedule extension: -
The process of GSA Schedule extension is initiated by your contracting officer via letter or email. It will inquire about with what intention would you like to extend your contract. You may receive this letter automatically, six months prior to the expiration date of the respective contract. The process of extension of GSA Schedule 2021, contract into the next option period, there is need to confirm the terms and conditions, the Commercial Sales Practices information, and the size of your business. Any substantial changes in the existing contract, are not allowed during the option extension process. As most of the Contracting Officers, do not allow modifications at this time.
The requirements for an option extension: -
Government Registration – Please ensure that your SAM registration is up to date and having the NAICS codes in proper order. It should not expire before or during your contract extension
Mass Modifications –Please ensure that you have checked the Mass Mod portal and have accepted all mass mods related things which are associated with your GSA Schedule number.
GSA Advantage! Price List – The price list posted on GSA Advantage! Should have the most recent modification to your contract.
Business size designation - If you are categorized as a small business, still you must show your eligibility and make sure even being small business size standard, you have NAICS code.
Conclusion: Once you submit the letter, the GSA Schedule 2021, contracting officer shall request for some additional documentation, to get sure about your compliance with the respective t&cs.
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