GSA Sales Reporting Requirements

Contractors must report the quarterly dollar value of all sales under a Schedule contract by calendar quarter (i.e., January-March, April-June, July-September, and October-December). The dollar value of a sale is the price paid by the schedule user for products and services on a schedule contract task or delivery order, as recorded by the Contract holder. The reported contract sales value must include the Industrial Funding Fee (IFF). The IFF reimburses the GSA Federal Supply Service for the costs of operating the Federal Supply Schedules Program and recoups its operating costs from ordering activities.

Sales reporting is done electronically, via GSA Form 72A, Contractor's Report of Sales on a designated GSA Website.

After reporting the sales, the Contract holder must pay the Federal Supply Service, GSA, the IFF, in U.s. dollars, within 30 days after the end of each quarterly reporting period. The IFF equals 1% (one percent) of the total quarterly sales reported. This 1% fee is included in the award price(s) and reflected in the total amount charged to ordering activities.

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