GSA Moves Forward with the Implementation of the new Formatted Product Tool (FPT)

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The Formatted Product Tool (FPT) has been established to assist GSA contracting officers in their evaluation and negotiation of all participating contractors’ schedule pricing. The FPT is expected to assist GSA with standardizing Manufacturer Part Numbers in order to streamline analysis of fair and reasonable pricing. The tool will utilize complex algorithms to compare all similar products and ensure pricing is within an established variance.

The Formatted Product Tool will also update and replace the old SIP and CORS systems for processing GSA Advantage price list uploads. The FPT will automatically publish new pricing/products to GSA …read more

Read more here:: Government Contracting


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