With the ongoing inflation continuing to impact all contract holders, GSA has extended their Temporary Moratorium on Economic Price Adjustments. Previously set to expire September 30, 2022, the deadline has been moved to March 31, 2023. For quick reference, this memorandum will implement the following changes:
Read MoreIn response to the current state of the economy (i.e. inflation) 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:
Read MoreGood news! You absolutely can. Most vendors choose an EPA Method that they perhaps maybe didn’t fully understand when they got their contract. This does not mean you are doomed to live out the rest of your contract under an EPA clause that does not suit you. You can also have different EPA clauses tied to different SINs or choose one that applies to the entire contract.
Read MoreGSA will ask you to identify which EPA Mechanism you will be utilizing for the lifespan of your contract: either Clause 552.216-70 Economic Price Adjustment—Multiple Award Schedule Contracts or Clause I-FSS-969 Economic Price Adjustment- FSS Multiple Award Schedule, below is a breakdown of both along with the implications that will hold for your contract.
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