What is the Federal Supply Schedule (FSS) and what is its purpose?
The Federal Supply Schedule (FSS) is a contract between the federal government and private companies that allows the federal government to buy products or services from a company on a pre-negotiated rate. It is a method of procurement that simplifies the process of purchasing goods and services by the federal government. The FSS program was created by the General Service Administration in 1941 to provide federal agencies with access to a wide variety of products, services, and contractors at predetermined, discounted prices. The FSS program helps federal agencies save time and money by streamlining the acquisition process. Companies that offer their products and services through the FSS program must meet certain standards and qualifications and must keep their prices competitive. The main purpose of the FSS is to provide federal agencies with an easy and efficient way to purchase the goods and services they need. By taking advantage of the FSS program, federal agencies can save time and money while obtaining quality products and services. Additionally, the FSS program aids in creating more competition and better pricing for products and services. The FSS program also allows private companies to gain access to the public buying market and the federal government to purchase quality goods and services at competitive prices.
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