What is a 'best-in-class' (BIC) contract vehicle and why does GSA designate certain contracts with this status?
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A
A contract vehicle exclusively for award-winning vendors with superior past performance ratings
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B
A government-wide contract that meets specific criteria for management, oversight, and data sharing, recommended for use by all agencies
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C
A contract vehicle reserved for the top 10% of GSA Schedule vendors by sales volume
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D
A designation for contracts that have undergone recent price benchmarking and competitive pricing verification