Common use of GSA PROGRAM FUNDING FEE Clause in Contracts

GSA PROGRAM FUNDING FEE. All program funding fees shall be included in the prices submitted, including in the Volume Based Discounts. The Government’s cost of awarding, administering and managing this blanket purchase agreement is funded through the addition of a program funding fee. The GSA Program Funding Fee also reimburses GSA for the costs of administering the Commercial Unclassified Business Environment (CUBE) development which is an online ordering platform that will be used for placing orders against the BPA and reporting. This program funding fee shall be comprised of the GSA Industrial Funding Fee (IFF) set at .75 percent and an additional Administrative Contracting and Technical fee of 1.00 percent for the BPA, which may be subject to decrease at any time. The Contractor shall include a GSA Program Funding Fee of 1.75 percent into its BPA unit price(s). Quoted prices (including the 1% program fee) must be equal to or less than your GSA Schedule price. Upon revision, Contractors are required to adjust pricing up or down by the applicable percentage to reflect the new fee structure. Remittance of the GSA Industrial Funding Fee portion (.75%) of the Program Funding Fee shall be done in accordance with the underlying Federal Supply Schedule 70 contract.