GSA proposes change to acquisition regulation vendors loathe

The General Services Administration once again is trying to change one of the acquisition rules that industry despises the most — the Price Reduction Clause.

A proposed rule released Wednesday would modernize the way vendors list their prices on the schedule contracts run by GSA.

The rule would do several things, including requiring vendors to report transactional data back to GSA, including data elements such as unit measure, quantity of items sold, universal product code, if applicable, prices paid per unit, and total price.

The proposal would implement a pilot first with non-schedule contracts and then in phases on schedule contracts.

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