GSA GSA Specialist Schedule Management 2

Question 1

What is a Blanket Purchase Agreement (BPA) under the GSA Schedule program?

Accepted Answer

A streamlined purchasing arrangement between a federal agency and a Schedule contractor to fill repetitive needs

Answer

A type of GSA contract reserved for large businesses only

Answer

A government-wide contract vehicle for IT services only

Answer

A mandatory source agreement for office supplies

Question 2

Under FAR 8.405, when must federal agencies consider small businesses when placing orders against GSA Schedule contracts?

Accepted Answer

Agencies must give preference to small business Schedule contractors whenever possible

Answer

Only for orders above $1 million

Answer

Only when the agency has a specific small business set-aside goal

Answer

Small businesses are automatically excluded from Schedule orders above $150,000

Question 3

What is the maximum order threshold (MOT) in the context of GSA Schedule contracts?

Accepted Answer

The order value above which a vendor may decline an order without penalty

Answer

The maximum dollar amount a single task order can reach

Answer

The annual sales threshold that triggers a contract audit

Answer

The spending limit per fiscal year for a single agency

Question 4

What is the Industrial Funding Fee (IFF) charged on GSA Schedule contracts?

Accepted Answer

A fee paid by Schedule vendors to GSA as a percentage of reported sales, currently 0.75%

Answer

A fee charged to agencies for using Schedule contracts, currently 0.75%

Answer

A one-time application fee paid by vendors to get on the Schedule

Answer

A fee charged per transaction processed through GSA Advantage!

Question 5

Which GSA Schedule Special Item Number (SIN) category covers professional IT services?

Accepted Answer

SIN 54151S

Answer

SIN 23 7

Answer

SIN 874 1

Answer

SIN 71 1

Question 6

What action must a GSA Schedule contractor take when it discovers it has charged the government more than its MFC price?

Accepted Answer

Issue a credit to affected agencies and notify the GSA contracting officer immediately

Answer

File a contract modification request with the contracting officer

Answer

Submit an Inspector General report

Answer

Request a waiver from the Office of Management and Budget