Financials Requirement

08/21/24 • 2 min

All GSA MAS contract holders have to hit minimum sales requirements to maintain their contract. Many contract holders find this out the hard way at contract renewal time when GSA decides not to offer the next option. Find out what your requirements are and how to stay ahead of the curve inside the episode!
As always if you have any questions, or if you’d like direct support from a GSA consultant to help with a specific project please feel free to reach out to us at [email protected]
Episode Notes:

For more episodes: www.elevategsa.com/podcast

Helpful Links:

GSA Solicitation: https://eoffer.gsa.gov/util/publishedsolicitationutil?solicitationNumber=47QSMD20R0001&refreshAmendNumber=0021&scheduleNumber=MAS&solicitationType=SCHEDULES&isMas=Y

For more episodes: www.elevategsa.com/podcast

Helpful Links:

GSA Solicitation: https://eoffer.gsa.gov/util/publishedsolicitationutil?solicitationNumber=47QSMD20R0001&refreshAmendNumber=0021&scheduleNumber=MAS&solicitationType=SCHEDULES&isMas=Y

Previous Episode

What is a Mass Mod?

GSA utilizes a general set of rules (the solicitation) that underpin all GSA contracts. These rules are periodically updated and have to be sent out to every GSA contract holder to approve. Hop into the episode to learn how accepting your mass mods is essential for all GSA contract holders.
As always if you have any questions, or if you’d like direct support from a GSA consultant to help with a specific project please feel free to reach out to us at [email protected]
Episode Notes:

For more episodes: www.elevategsa.com/podcast

Helpful Links:

Mass Mod Portal: https://mcm.fas.gsa.gov/cmservlet/massMods/initialView.htm;jsessionid=WlIl9yOWukU_qbg8aFqNNCGFgfL4y4s_jOB_gY-4.massmods74

eMod Portal: https://www.eoffer.gsa.gov/

Next Episode

Financial Responsibility Assessment

When pursuing a new MAS proposal, GSA requests some preliminary financial information about your company. Usually, these end of year reports satisfy GSA's internal requirements, but occasionally they don't. Instead, GSA will take you through a Financial Responsibility Assessment that will require quick turnaround and agile participants to make it through. Learn the framework of this stressful (but survivable) process inside the episode!

As always if you have any questions, or if you’d like direct support from a GSA consultant to help with a specific project please feel free to reach out to us at [email protected]
Episode Notes:

For more episodes: www.elevategsa.com/podcast

GSA 101 - Financials Requirement

Transcript

Financials Requirement

Welcome to GSA 101 brought to you by Elevate GSA: where we turn GOVSPEAK into a language YOU speak. My name is Hannah Struss and I have Collin Hartsell here with me and we are going to be talking about the financials requirement detailed in the solicitation.

In order to provide a complete proposal package for a GSA contract, you must demonstrate financial responsibility by providing supporting documentation. The solicitation provides guidance on this, but