{"id":22774,"date":"2016-06-22T17:42:38","date_gmt":"2016-06-22T17:42:38","guid":{"rendered":"https:\/\/staging.sightlinemg.com\/federaltimes\/uncategorized\/2016\/06\/22\/vendors-could-save-millions-with-new-gsa-reporting-requirement\/"},"modified":"2026-08-08T04:59:40","modified_gmt":"2026-08-08T04:59:40","slug":"vendors-could-save-millions-with-new-gsa-reporting-requirement","status":"publish","type":"post","link":"https:\/\/staging.sightlinemg.com\/federaltimes\/acquisition\/gsa\/2016\/06\/22\/vendors-could-save-millions-with-new-gsa-reporting-requirement\/","title":{"rendered":"Vendors could save millions with new GSA reporting requirement"},"content":{"rendered":"\n

The General Services Administration is publishing a final rule on June 23 for what it’s calling the “most transformational changes to GSA’s Federal Supply Schedules Program in more than two decades.”<\/p>\n\n\n\n

The Transactional Data Reporting (TDR) rule requires federal contractors to report data on individual task orders and purchases made on GSA schedules, including part numbers, quantities and prices paid. While this seems like an additional requirement for vendors, the new process will eliminate some older reporting requirements and is intended to streamline the process.<\/p>\n\n\n\n

Federal Register:\u00a0<\/strong>GSA Transactional Data Reporting Rule<\/a><\/p>\n\n\n\n

GSA procurement officials expect the new process will save millions a year in processing overhead, namely by eliminating commercial sales practices disclosures and the Price Reductions Clause.<\/p>\n\n\n\n\n\n

“GSA estimates that the rule’s removal of current burdensome requirements will result in an estimated annual burden reduction of $29 million for vendors participating in Transactional Data Reporting,” according to Jeffrey Koses, GSA senior procurement executive. “The rule takes cost out of a cumbersome, duplicative federal contracting world and puts money in agencies’ hands so they can execute the best procurement possible to meet their missions.”<\/p>\n\n\n\n

For agencies, the new rule will give contracting officers a better view of how much their program and others throughout government are paying for specific goods and services and “thereby identify the most efficient solutions, channels and sources to meet its mission critical needs,” according to an advanced copy of the final rule.<\/p>\n\n\n\n

“Collecting and sharing transactional data is essential in order for GSA to provide information that federal buyers need to conduct meaningful analysis and successful negotiations on behalf of the taxpayers,” said FAS Commissioner Tom Sharpe. “This rule improves GSA’s ability to reduce costs and duplication in the federal marketplace as well as provide the federal acquisition workforce with actionable data that will help them make smarter decisions on behalf of taxpayers.”<\/p>\n\n\n\n\n\n

Over time, the new rule will be extended to all GSA schedules, though the initial pilot will roll out along eight product areas (schedules and special item numbers):<\/p>\n\n\n\n