Contract revisions3/21/2023 ![]() ![]() Price Reduction ModificationĪ Price Reduction Modification may sound like a modification that would be counterproductive for a contractor, but they are occasionally required to be used. Similar to an Addition Modification, contractors must be able to show evidence that their commercial prices have increased before they are able to request a price increase to their GSA prices through an Economic Price Adjustment Modification. This may come about when contractors realize their GSA prices are no longer proportionally equivalent to their commercial prices. Economic Price Adjustment (EPA) ModificationĪn Economic Price Adjustment Modification (EPA) is used by contactors when they would like to increase the price of a product or service on their GSA Schedule. ![]() ![]() Like an Addition Modification in which a contractor is adding products or services to their GSA Schedule, a Deletion Modification would occur when a contractor wants to remove products/services from their GSA schedule.Ī contractor may choose to execute this modification when they are no longer selling those products/services in the commercial space and therefore want to remove them from their GSA Schedule. Contractors will be required to produce invoices and/or Past Project Narratives to prove this point. It is important to note that contractors cannot add any new products or services to their GSA Schedule that they have not first sold commercially. Contractors will typically use an Addition Modification to seek a new opportunity within their GSA Schedule. Addition ModificationĪn Addition Modification covers a larger range of possible items that can be added, including additional SINS, new models, new brands, products and/or services. For changes to address or website address, you have to change it in SAM.gov first. For example, you can submit one mod for a change in authorized negotiator, phone number, and email address. You can combine multiple administrative changes into a single modification. Points of Contract (POCs) for manufacturers, dealers, resellers, agents changes.Contract Administrator/Point of Contact (POC) or Authorized Negotiator Change.The following are common administrative mods: The 10 main contract modification types are:Īdministrative Modifications are used when contractors need to make organizational updates. eMod is a secure interactive web tool that allows vendors to prepare and submit their GSA Schedule contract modification requests online, simplifying the overall contract process. In order to make contract changes, GSA requires that you utilize their electronic contract modification submission system, eMod. Not only is it important to have knowledge of modifications and how to apply them from a contract compliance perspective, but it is also a necessity from a business development standpoint. These contract updates can range anywhere from changing administrative information such as an address or phone number, to updating pricing information or adding/removing products and services from the Schedule. Throughout the life of your GSA Schedule, you will need to make several updates to reflect changes with GSA, your offerings, and company. Why Should You Modify Your GSA Schedule Contract?Īs previously mentioned, once contractors are awarded a GSA Schedule contract, it can last up to 20 years. We’ll cover the main modifications you’ll need to be aware of as a GSA contractor. There are multiple forms of GSA Schedule modifications that contractors can choose to make once their Schedule has been awarded, as well as some modifications that contractors are required to accept when GSA announces certain updates. They will need to be altered through a contract modification. Your offerings, pricing, and administrative information are not locked in with your initial award. While your Schedule can last up to two decades, it’s meant to grow with you. GSA Schedule contracts can last for 20 years, starting with a 5-year base period followed by three additional 5-year option periods. Once you have your GSA Multiple Award Schedule (MAS), it can stay with your company for a long time. ![]()
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