GSA Announces Dates for Formatted Price Tool Rollout

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On Monday, June 2016, GSA announced plans to roll out its new Formatted Product Tool (FPT) to certain Schedules, starting with the next round of solicitation refreshes and mandatory modifications. The current plan is to start the rollout in mid-July with Schedules 72 (Furnishings) and 58 I (Professional A/V) and then continue at two week intervals with Schedules 75 (Office Products), 73 (Food Services), 51V (Hardware Superstore) and 70 IT.

The FPT is designed to assist GSA Contracting Officers in determining fair and reasonable pricing when evaluating pricing and during negotiations, which should lead to …read more

Read more here:: Government Contracting

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