GSA Benchmarked Pricing Clause Samples
The GSA Benchmarked Pricing clause establishes that the prices offered under a contract must be at least as favorable as those provided to the U.S. General Services Administration (GSA) or other benchmark customers. In practice, this means that if a supplier offers lower prices or better terms to the GSA or similar entities, those same terms must be extended to the contracting party. This clause ensures that the buyer receives competitive pricing and prevents the supplier from offering better deals to other government or benchmark clients, thereby promoting fairness and cost-effectiveness.
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GSA Benchmarked Pricing. Additionally, where the NYS Net Price is based upon an approved GSA Supply Schedule:
a. Associated Discounts: The State is entitled to all associated discounts enumerated in the GSA Supply Schedule (including, but not limited to, discounts for additional sites and volume discounts), as well as any other pricing or discount terms as are expressly enumerated in this NYS Contract or GSA schedule, when calculating the NYS Net Price.
b. Industrial Funding Fee: GSA pricing incorporates a sum referred to as the “GSA Industrial Funding Fee” (IFF). The NYS Net Price may be calculated by reducing the published GSA price, after the discounts, if any, set forth in paragraph (1) above, downward by the amount of the Industrial Funding Fee, currently set at 0.75%. Therefore, as an example, the NYS Net Price shall be calculated by multiplying 0.9925 times the GSA price.
c. Pricing Increase Requests: Commencing with the first anniversary date of the Contract Execution Date, and annually thereafter, the Contractor may request an increase in the pricing contained in the Centralized Contract by submitting an update request based on change in pricing level as contained in Appendix C, Contract Modification Procedure to the OGS Contract Administrator. With any price increase request, in addition to the requirements contained in Appendix C, the Contractor must certify in writing that the price change for the Services is the same as its pricing in its GSA Supply Schedule, and that Contractor documents the request to the satisfaction of the State.
d. Effective Date of Increase: Price increases shall be effective upon final approval by the State, and may not be posted by Contractor prior to receipt of final approval.
GSA Benchmarked Pricing. Additionally, where the NYS Net Price is based upon an approved GSA Supply Schedule:
GSA Benchmarked Pricing. Additionally, where the NYS Net Price is based upon an approved GSA Supply Schedule: Associated Discounts: The State is entitled to all associated discounts enumerated in the GSA Supply Schedule (including, but not limited to, discounts for additional sites and volume discounts), as well as any other pricing or discount terms as are expressly enumerated in this NYS Contract or GSA schedule, when calculating the NYS Net Price; and Industrial Funding Fee: GSA pricing incorporates a sum referred to as the “GSA Industrial Funding Fee”. OGS reserves the right to require either that: a) the IFF is remitted directly to OGS or b) (OSG preferred option) the state contract prices are reduced, by an amount equivalent to the IFF. If the latter, the NYS Net Price shall be calculated by reducing the published GSA price, after the discounts, if any, set forth in paragraph (1), above, downward by the amount of the Industrial Funding Fee, currently set at .75%. Therefore, the “NYS Net Price” shall be calculated by multiplying 0.9925 times the GSA price, and
GSA Benchmarked Pricing. Additionally, where the NYS Net Price is based upon an approved GSA Supply Schedule:
1. Associated Discounts; The State is entitled to all associated discounts enumerated in the GSA Supply Schedule (including, but not limited to, discounts for additional sites and volume discounts), as well as any other pricing or discount terms as are expressly enumerated in this NYS Contract or GSA schedule, when calculating the NYS Net Price;