GSA:Temporary Price Reductions

One frequently asked question regarding GSA contracts is “what paperwork does a business need to file to adjust its price list?” Assuming your business already has a GSA contract, the answer will depend on whether you need to make a price increase or decrease and whether the adjustment is temporary or permanent.

This post deals with temporary price decreases. Future posts will deal with price increases and permanent price decreases.

Temporary Price Decrease
One common scenario justifying a temporary price decrease is when a business overproduces a product and needs to sell the product at a lower price to reduce overhead. Your GSA contract will allow you to temporarily reduce your prices without filing any paperwork. To do this, you simply go to the GSA Advantage website and follow the instructions for temporary price decreases. The process should not take more than five (5) or ten (10) minutes (depending on you computer skills) and will show up online within twenty four (24) hours.

Of course, if you do not have a GSA contract you need to get started today. Contact one of our sponsoring attorneys above or at the bottom of this page to get your GSA contract.

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GSA: Procurement Classification Codes

Before you apply for your GSA Schedule Contract you must first determine what classification your product or service falls under. I have included a list of GSA's product and service classification code numbers and descriptions below.

Find your code and contact one of our sponsoring GSA schedule attorneys to get started today!

Classification Code Numbers and Descriptions
10 --Weapons
11 -- Nuclear ordnance
12 -- Fire control equipment
13 -- Ammunition & explosives
14 -- Guided missiles
15 -- Aircraft & airframe structural components
16 -- Aircraft components & accessories
17 -- Aircraft launching, landing & ground handling equipment
18 -- Space vehicles
19 -- Ships, small craft, pontoons & floating docks
20 -- Ship and marine equipment
22 -- Railway equipment
23 -- Ground effects vehicles, motor vehicles, trailers & cycles
24 -- Tractors
25 -- Vehicular equipment components
26 -- Tires and tubes
28 -- Engines, turbines & components
29 -- Engine accessories
30 -- Mechanical power transmission equipment
31 -- Bearings
32 -- Woodworking machinery and equipment
34 -- Metalworking machinery
35 -- Service and trade equipment
36 -- Special industry machinery
37 -- Agricultural machinery & equipment
38 -- Construction, mining, excavating & highway maintenance equipment
39 -- Materials handling equipment
40 -- Rope, cable, chain & fittings
41 -- Refrigeration, air-conditioning & air circulating equipment
42 -- Fire fighting, rescue & safety equipment
43 -- Pumps & compressors
44 -- Furnace, steam plant & drying equipment; & nuclear reactors
45 -- Plumbing, heating, & sanitation equipment
46 -- Water purification & sewage treatment equipment
47 -- Pipe, tubing, hose & fittings
48 -- Valves
49 -- Maintenance & repair shop equipment
51 -- Hand tools
52 -- Measuring tools
53 -- Hardware & abrasives
54 -- Prefabricated structures and scaffolding
55 -- Lumber, millwork, plywood & veneer
56 -- Construction & building materials
58 -- Communication, detection, & coherent radiation equipment
59 -- Electrical and electronic equipment components
60 -- Fiber optics materials, components, assemblies & accessories
61 -- Electric wire & power & distribution equipment
62 -- Lighting fixtures & lamps
63 -- Alarm, signal & security detection equipment
65 -- Medical, dental & veterinary equipment & supplies
66 -- Instruments & laboratory equipment
67 -- Photographic equipment
68 -- Chemicals & chemical products
69 -- Training aids & devices
70 -- General purpose information technology equipment
71 -- Furniture
72 -- Household & commercial furnishings & appliances
73 -- Food preparation and serving equipment
74 -- Office machines, text processing systems & visible record equipment
75 -- Office supplies and devices
76 -- Books, maps & other publications
77 -- Musical instruments, phonographs & home-type radios
78 -- Recreational & athletic equipment
79 -- Cleaning equipment and supplies
80 -- Brushes, paints, sealers & adhesives
81 -- Containers, packaging, & packing supplies
83 -- Textiles, leather, furs, apparel & shoe findings, tents & flags
84 -- Clothing, individual equipment & insignia
85 -- Toiletries
87 -- Agricultural supplies
88 -- Live animals
89 -- Subsistence
91 -- Fuels, lubricants, oils & waxes
93 -- Nonmetallic fabricated materials
94 -- Nonmetallic crude materials
95 -- Metal bars, sheets & shapes
96 -- Ores, minerals & their primary products
99 -- Miscellaneous

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GSA: What is A DUNS Number?

If you are new to GSA contracting, you may have heard of a Data Universal Numbering System or "DUNS" Number but don't know what it is. The following is an explanation of a DUNS Number in layman's terms:

A Brief History
Some years ago a company called Dun & Bradstreet (D&B) came up with a system for determining the creditworthiness of individual businesses. The system requires a company trying to establish a good credit rating to register with D&B. The registration process requires your company to provide information related to your company's size, location, number of years in business, cash flow, capital, etc.

Your company's information is then placed in D&B's database and the company assigned a DUNS Number. The information you provide regarding your company is used to create a credit profile for the company.

The DUNS Number itself is used by D&B, SBA, GSA and a number of other agencies to identify your company. The number may be aptly analogous to a Federal Employer Identification Number or Social Security Number. Using your DUNS Number, the GSA can review your credit history as reported by D&B.

DUNS Number Required
If you wish to participate in the GSA Schedules program you are required to have a DUNS Number. You may obtain a DUNS Number by filling out the paperwork yourself and submitting it to D&B or contact one of our sponsoring attorneys to assist you in obtaining a DUNS Number.

As a result of obtaining a DUNS Number, you might be included on D&B's marketing list that is sold to other companies. If you do not want your name or company name included on this marketing list, you will need to contact D&B to request your company's name be removed.

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GSA: What Is An 8(a) Contractor?

The GSA has set aside a number of federal procurements for what is known as an "8(a) Contractor." An 8(a) Contractor is a business that meets the criteria for Small Disadvantaged Business qualification and is certified with the Small Business Administration under Section 8(a) of the Federal Small Business Act.

To take advantage of the "8(a) Contractor" set asides your business must be registered with both the GSA and the SBA. A great deal of paperwork and time may be required to obtain 8(a) status but the reward can be that your business is placed in a relatively small pool of businesses entitled to federal GSA procurement set-asides.

Contact one of our sponsoring attorneys below or at the top of this page to get started on obtaining your "8(a) Contractor" status today.

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