The General Services Administration (GSA) is changing the reporting requirements for federal contractors.
The agency has formalized a new rule that requires vendors to report transaction-level data from orders on Federal Supply Schedule and governmentwide acquisition contracts, as well as indefinite delivery, indefinite quantity agreements.
Information gathered under the Transactional Data Reporting rule might include detailed descriptions, quantities and prices for items bought, according to a Federal Register notice.
The rule, which began with a pilot for FSS contracts over the summer, aims to help GSA analyze government spending patterns more broadly, according to the agency.
Keep reading this article at: http://www.nextgov.com/cio-briefing/2016/11/gsa-wants-transaction-level-purchasing-data/133235
