Last week, the US General Services Administration (GSA) announced that it will make participation in its Transactional Data Reporting pilot program (TDR Pilot) voluntary for all GSA contractors.
Previously, for Schedules and Special Item Numbers (SINs) included in the TDR Pilot, participation was voluntary for most existing contractors but mandatory for new offerors and those existing contractors approaching exercise of a five-year option period.
As discussed in the June 2016 LawFlash, as implemented, the TDR rule requires that government vendors electronically submit a monthly report containing line-item transactional data (e.g., part number, price paid) for direct sales to the government. GSA has previously opined that the TDR rule should significantly reduce burdens to contractors—in particular, by exempting participating contractors from the requirements of submitting Commercial Sales Practices (CSP) disclosures and complying with the tracking customer requirements of the Price Reductions Clause (PRC).
Keep reading this article at: http://www.mondaq.com/article.asp?articleid=624718