Formatted Product Tool (FPT) Part II – Baselining Your GSA Pricing

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GSA has released the solicitation refreshes and mass modifications incorporating the Formatted Product Tool (FPT) into Schedules 58I (Professional Audio/Video), 51V (Hardware Superstore), and 72 (Furnishings & Floor Coverings). All new offers under these schedules must utilize the FPT in eOffer for pricing analysis and negotiation.

Pricing proposals will first go through the FPT process to standardize Manufacturer Part Numbers (MPNs). The system will identify products for standardization. Contractors will either need to accept the system-identified MPN or provide rationale to support a system identification error. Pricing will still be evaluated via the <a target="_blank" …read more

Read more here:: Government Contracting

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