Episode notes
In an effort to keep up with the rapid changes in the global economy, GSA has temporarily altered its rules about when and how Economic Price Adjustments (EPAs) can be performed. Hop in to the episode to find out if these rules effect your contract! As always, if you have any questions, or requests for a future episode, please feel free to reach out to us at [email protected]. Or if you’d like direct support from a GSA consultant to help with a specific project, reach out to us a...
Transcript
Read the transcript · about 410 words
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 EPA Moratorium GSA has put into effect until September 30, 2022.
· In response to the current state of the economy GSA released the Acquisition Letter MV-22-02 announcing temporary flexibility regarding price increases to GSA contract products and services. These new flexible guidelines will be in effect until September 30, 2022. During this time, this memorandum will implement the following changes:
· Modifications requesting an increase above the normal allowable EPA Ceiling stated in 552.216-70 for each industry, will no longer have to be approved by the contracting director, but instead to just one level above the contracting officer (It will be a bit easier to get these requests through)
· Relaxes time limitations on EPA increases (Normally, vendors have to wait until your contract is 1 year old to request an EPA- but this removes that limitation.)
· Relaxes limitations on the number of EPA increases a contractor may request (Typically, vendors can only request a price increase 3x a year, this removes that limitation)
· If you have previously removed an item, you may add that item back at a higher price point (This is not allowed under normal circumstances)
· **It is up to each reviewing Contracting Officer to determine what requests are reasonable/eligible and may negotiate, accept, or remove items at their discretion.**
· If you are finding that your current offerings on GSA are not keeping pace with the current inflation rates, now is the time to submit a modification to request those increases you need to keep your contract functioning properly. You should be aware that GSA may request supporting documentation to show that you have also increased your rates to your commercial (non-GSA) customers as well. This may mean showing invoices that reflect the percent increase you are trying to get your GSA rates raised by. It is up to each CO to determine what they deem reasonable to process these requests.
As always if you have any questions, or requests for a future episode please feel free to reach out to us at [email protected]
Or if you’d like direct support from a GSA consultant to help with a specific project, reach out to us at [email protected]
Thanks for listening!
Transcript supplied by the publisher with the episode.
Podcast
GSA 101
Elevate GSA · Business · English
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