GSA poised to lower industry fee

Vendors will pay less money to the General Services Administration's Federal Supply Service next year to sell products and services through the GSA schedule contracts system.

FSS published a final rule today that gives it the unilateral right to change the percentage rate of the industrial funding fee, and promised to lower it from 1 percent to 0.75 percent effective Jan. 1, 2004.

FSS generates most of its revenue through the fees, which are supposed to cover the program's costs. However, a 2002 General Accounting Office study found that from 1999 to 2001, revenue from the fees exceeded the program's cost by almost 54 percent, or more than $151 million.

Featured

  • FCW Perspectives
    zero trust network

    Why zero trust is having a moment

    Improved technologies and growing threats have agencies actively pursuing dynamic and context-driven security.

  • Workforce
    online collaboration (elenabsl/Shutterstock.com)

    Federal employee job satisfaction climbed during pandemic

    The survey documents the rapid change to teleworking postures in government under the COVID-19 pandemic.

Stay Connected