How GSA IT 70 helps you Win Federal IT Contracts

 

IT contracts are one of the most coveted federal contracts to bid for.   But, you can’t participate in the federal bidding related to IT unless you have a GSA IT 70 Certification.  

 So, what is GSA IT 70 first of all?  Well, it is nothing but a premium category of the MAS (GSA Schedule) Program that deals with IT Services, Hardware, Software, and a variety of specialty IT offerings. Previously known as IT Schedule 70, this is one of the largest government contracts, and is presently known as GSA IT 70. For decades,  this  segment  of  the  federal contracts  have  been the   key  revenue  sources.   Today, it drives more than half of the government sales happening across the country every year.  

What’s in  the  Scope  of GSA  Schedule  Program

This is a Multiple Award Schedule (MAS) contract under the GSA Schedule Program.  In terms of the contract's nature and scope of work, it’s called an Indefinite Delivery Indefinite Quantity (IDIQ).   The concept is straightforward.  These IT contracts are not associated with any figures or dollars, but become a channel for sales to flow through (i.e. a License to hunt). Needless to say, this  GSA IT 70 is going  to  be  a  major procurement vehicle for IT products, software and Professional Services in the  domain  of federal  business.

How important is getting GSA IT70

As  already  mentioned IT  contracts  come  under  the  premium  segment of the   federal  contracts  and  to ensure a   long  term revenue  source,   businesses  often  look for this contract.  With  a   GSA IT Schedule 70 Contract,  vendors  and  the  contracts  both can  expect  extended  business  prospects, in  terms of selling  IT products, software, and other related services. GSA IT 70 is the most premium and   biggest contract program under the jurisdiction of the GSA Schedules Program both by sales and the competition. Statistics reveal that the average amount of revenue generated from the GSA Schedule 70 contracts is about $3.1 million per year.

Wrapping Up…

Mostly, the Schedule 70 Contract is intended for the federal buyers. These IT contracts are released in the Cooperative Purchasing and Disaster Recovery programs, and the State, Municipal and Local government agencies can purchase through these bidding programs. Moreover with the new rules and regulations of GSA IT70 in place, IT purchases have become effortlessly simplified. No doubt, this IT Schedule is offering a top-notch revenue source to the  vendors at a  reduced time  and  money.

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