GSA Schedule (General Services Administration) is an U.S. government contract of five-years dealing with the prices that the federal government has agreed upon to pay to vendors for their commercial products and services. This program is also referred as Multiple Award Schedules and Federal Supply Schedules. In spite of being an official federal contract, GSA Schedule is unfunded. However, funding is granted only on receipt of an order duly signed by a federal agency. A GSA Contract, which initially lasts for five years, can be renewed up to three five-year periods making it a contract of 20 years.
GSA basically establishes long-term government-wide contracts with different commercial firms giving them the access to more than 11 million commercial products and services. These supplies and services can either be ordered from the GSA schedule contractors directly or can be obtained through the online ordering and shopping system known as GSA Advantage.
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