GSA Industrial Funding Fee
Started by Corduroy Frog · Feb 1, 2018 · 4 replies
- COriginal post
Corduroy Frog
Feb 1, 2018 · 8y ago
GSA Contracts require the prime contractor to pay 0.75% to GSA for their IFF. However, if the ultimate customer is GSA itself, does this have to be added? I wouldn't think so, but with imbedded agencies I'm not sure.
- k
kevlar51
Feb 1, 2018 · 8y ago
You still need to pay it. The IFF is incorporated into your schedule pricing. It's not something to be added after the fact.
- C
C Culham
Feb 1, 2018 · 8y ago
As support to kevlar51's response consider the clause in your contract, 552.238-74 INDUSTRIAL FUNDING FEE AND SALES REPORTING
MODIFICATIONS (FEDERAL SUPPLY SCHEDULE) (MAY 2014), and note is discusses "all sales". You might be interested in cruising through this webpage too - https://72a.gsa.gov/ifffaq.cfm#04
- D
Desparado
Feb 1, 2018 · 8y ago
Both gentlemen are correct. I was with GSA for 4 years over 2 GSA Schedule contracts and I can confirm that they are right.
- G
Guest PepeTheFrog
Feb 1, 2018 · 8y ago
@Corduroy Frog PepeTheFrog is so glad to see other members of the very well-respected frog community participating in this online community. Thanks for hopping by. Give my best to Michigan J. Frog.