GSA Focus Logo

Federal and GSA Definitions – Updates

Occasionally, we will update our Federal Contracting and GSA Dictionary to include new or missing definitions and Acronyms. Today, the following terms were added: Firm fixed price (FFP), Indefinite Delivery Indefinite Quantity (IDIQ), Multiple Award Schedule (MAS), Federal Supply Schedule (FSS), Task Order, Industrial Funding Fee (IFF), Price Reductions Clause.

These are all very important to know if you live in the world of government contracting. I hope this is helpful, and feel free to comment if you have any suggestions for federal terms or acronyms that I missed.





Download the Resource Pack

About GSA Focus

We FOCUS on GSA Contract Services! This allows us to offer the best services at an affordable price. We make the GSA Schedule process easy for you!

Related Posts

Teaming Agreement
GSA Contract
Jason Harrison

What is a Teaming Agreement?

One is obligated to remain current on regulations that are always subject to change, to comprehend and work around challenging constraints, and most pressingly, to

Read More »
GSA Auctions
GSA Contract
Josh Ladick

What are GSA Auctions?

Regarding secondhand items, consumers are always on the lookout for great deals. Thus, it is not uncommon for people to be suspicious when they see

Read More »

Get a Free Consultation With a GSA Expert