Why You Should Seriously Consider Getting Into The GSA MAS Contract
Ever heard of the General Services Administration (GSA) Multiple Award Schedule (MAS)? If you haven’t, you’re in for a treat. Imagine a golden ticket to a world of business opportunities for your company, where government buyers are shelling out over $45 billion annually through the magic of this contracting vehicle. Intrigued yet?
The journey to snagging and keeping that contract might seem a bit overwhelming, but the advantages are totally worth the front-end work. At BOOST, we’re here to be your trusty sidekick on this exciting quest to success.
Let’s start with the basics. Picture this: a MAS is like the ultimate VIP pass, a governmentwide contract that connects companies like yours with federal, state, and local government buyers. They get access to your top-notch products, services, and solutions.
So, whether you’re a seasoned player in the business world or just starting to dip your toes into the government market, stick around. This blog is your compass to navigate the exciting world of the General Services Administration (GSA) MAS contracts and everything they bring to your business.
1. Access to One of the Most Lucrative Markets
The U.S. government is the largest buyer in the world, consistently seeking a wide array of commercial products and services. By obtaining a MAS, companies position themselves to compete for government contracts without navigating the complexities of full procurement processes.
2. Streamlined Procurement
The MAS contracts bring together sellers and government agencies in an online marketplace setup for government purchasers to find prequalified, pre-priced commercial products and services. With predetermined terms and conditions, pricing structures, and compliance standards, contractors can significantly reduce the time and effort required to negotiate individual contracts. Government agencies, in turn, benefit from streamlined purchasing procedures, allowing them to quickly acquire the products and services they need while hitting all their set-aside goals.
MAS contracts are included in the Federal Acquisition Regulation (FAR) Part 12, which specifically pertains to the acquisition of commercial items. This means no more juggling complex requirements like Truthful Cost or Pricing Data or Cost Accounting Standards or understanding pages and pages of FAR and agency flow-down clauses. This contract’s pre-approved status makes your company an attractive option for government buyers seeking efficient procurement processes and reliable vendors.
3. A True Long-Term Contract
FAR 17.204 limits the duration of most government contracts to a maximum of 5 years. However, the MAS boasts a unique structure. It features a 5-year base period along with three 5-year option periods, resulting in a grand total of 20 years for the Period of Performance! Once you’re performing the final option period, you’re eligible to apply for another MAS contract, extending your reach for another 20 years. Pretty fantastic, isn’t it?
4. Open Ended Contract
This contract has no set amount! While the contract’s duration is set, the quantities you can deliver are only limited by the government’s available funding. Under the MAS, any government customer can order as much as they need as long as they have the money to purchase it – no cap.
5. Credibility and Trust
A MAS contract is a mark of credibility and trust. This endorsement from the GSA enhances a company’s reputation, building trust with both government clients and private-sector customers.
6. Faster Market Entry
Breaking into the government scene can sometimes feel like navigating a maze of paperwork and waiting games. MAS contracts provide a shortcut, allowing companies to swiftly enter the government market and start generating revenue sooner.
7. Opportunities for Small Businesses
The GSA is committed to supporting small businesses. Obtaining a MAS contract provides small businesses with a level playing field, allowing them to showcase their products and services alongside larger competitors. An added bonus? Displaying your socio-economic indicators helps government agencies and large business federal contractors meet their small business goals.
8. Enhanced Revenue Streams
A MAS contract opens new revenue streams for companies. Government contracts can provide a stable and consistent income source, particularly in times of economic uncertainty.
9. Long-Term Partnerships
Through MAS contracts, companies get to step into the government world and build connections that can blossom into lasting partnerships with government agencies. Think repeat business and referrals that make your company a rock star in the market.
In a nutshell…
Getting a MAS contract is like unlocking a treasure chest of opportunities for companies. It leads to a land of chances – easier buying, more trust, bigger earnings, and a ticket to the huge government market. If you’re ready to spread your wings and conquer the government sector, this contract is your golden key.
At BOOST, we’re here to be your guiding hand throughout the journey of getting and managing your MAS contract. We’ll help you navigate the application process and update your contract successfully, so you can enjoy all the benefits that the MAS contract has in store.
We appreciate your interest in our GSA blog! Stay tuned for more informative content coming your way from BOOST LLC. Thank you for being a part of our community!
About The Author, Brie Paramo
Brie Paramo is an accomplished contracts professional with extensive experience in GSA schedules and GSA contracts. As a dedicated BOOST MAS consultant, she channels her expertise to assist contractors in effectively acquiring and managing their MAS contracts.