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A Federal Supply Schedule (FSS), which also goes by Multiple Award Schedule (MAS), refers to an extensive, long-term government-wide agreement administered by the General Services Administration (GSA) within the United States. It permits federal agencies to make a wide array of goods and services purchased through approved commercial sellers at predetermined price, term, and conditions. The intent behind the FSS is to minimize the complexities surrounding procurement as well as assure that the government secures top-tier goods and services at favorable costs.
Through the federal supply code program, suppliers undergo a strict application and screening process to become GSA-approved vendors. Once accepted, they place their products in the GSA Schedule, complete with detailed prices, specifications, and terms of service. Federal purchasers can then search the schedule and buy directly from these suppliers, usually without having to go through a lengthy bidding process.
The FSS encompasses an extensive range of categories, from office supplies, IT hardware, and industrial materials to security services and others. It assists agencies in saving resources and time with transparency and accountability in government acquisition.
For vendors, being on the FSS gives them exposure to a large federal customer base, while the agencies gain secure, compliant, and cost-efficient buying solutions. Overall, the Federal Supply Schedule is a building block of effective government procurement.
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How are supply schedule and supply curve related?
Supply schedule and supply curve and related in the sense that there exists an important relationship between supply and demand. The greater the supply curve, the greater the supply schedule.
What is the difference between supply schedule and market supply schedule?
A supply schedule a chart that lists how much of a good a supplier will offer at different prices. A market supply schedule a table that lists the quantity of a good ALL consumers in a market will buy at every different price.
When it's not necessary to build a new market supply schedule?
Building a new market supply schedule is not necessary to change stock value.
What is the purpose of a supply schedule?
what is a fungible good
When is it not necessary to build a new market supply schedule?
Building a new market supply schedule is not necessary to change stock value.
How are supply schedule and supply curve related?
Supply schedule and supply curve and related in the sense that there exists an important relationship between supply and demand. The greater the supply curve, the greater the supply schedule.
What is the difference between supply schedule and market supply schedule?
A supply schedule a chart that lists how much of a good a supplier will offer at different prices. A market supply schedule a table that lists the quantity of a good ALL consumers in a market will buy at every different price.
Definition of supply schedule?
Supply Schedule- A table showing the relationship between the price of a good and the quantity supplied.
What does a supply schedule is characterized by which?
It lists supply for a specific good.
What is the IRS holiday schedule for 2017?
They are a federal government agency so they would have the same schedule as other federal offices.
What is a market supply schedule?
A market supply schedule is a chart that list how much of a good all suppliers will offer at different prices.
What is market supply schedule?
A market supply schedule is a chart that list how much of a good all suppliers will offer at different prices.
When it's not necessary to build a new market supply schedule?
Building a new market supply schedule is not necessary to change stock value.
What is the purpose of a supply schedule?
what is a fungible good
What is an amount producers are willing and able to sell at a given price?
Supply schedule or a supply.
When is it not necessary to build a new market supply schedule?
Building a new market supply schedule is not necessary to change stock value.
What is change in supply?
It is a change in the schedule and a shift of the curve.
