The General Services Administration (GSA) published a final rule on June 23, 2016 for what it’s calling the “most transformational changes to GSA’s Federal Supply Schedules Program in more than two decades.”
The Transactional Data Reporting (TDR) rule requires federal contractors to report data on individual task orders and purchases made on GSA schedules, including part numbers, quantities and prices paid. While this seems like an additional requirement for vendors, the new process will eliminate some older reporting requirements and is intended to streamline the process.
GSA procurement officials expect the new process will save millions a year in processing overhead, namely by eliminating commercial sales practices disclosures and the Price Reductions Clause.
Keep reading this article at: http://www.federaltimes.com/story/government/acquisition/gsa-gwac/2016/06/22/transactional-data-rule/86247440/
See the new rule published in the Federal Register at: https://www.federalregister.gov/articles/2016/06/23/2016-14728/general-services-administration-acquisition-regulation-gsar-transactional-data-reporting
