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Contract Requirements and Modification Guidance

Contract administration is the execution, performance, and compliance with the terms and conditions of the contract.

Please take time to read your entire contract now and understand the terms and conditions.

While there are many requirements for successful contract administration, the requirements below need your attention throughout the life of your contract.

If you have any questions, please reach out to your assigned contracting officer or contracting specialist for assistance.

Sales reporting

You must track all sales made through your Schedule by special item number. Within 30 calendar days after the previous month completes, properly remit your industrial funding fee and sales data properly using the FAS sales reporting portal.

Transactional Data Reporting

See our TDR page for which SINs are eligible and which line-item data to submit. See GSAM 552.238-80 Industrial Funding Fee and Sales Reporting for more about the requirements.

Commercial sales practices

Your contract's GSAM clause 552.238-80 Industrial Funding Fee and Sales Reporting indicates your CSP reporting requirements.

Each year, you may be required use the System for Award Management to report the compensation of your top executives each year.

See FAR 52.204-10 Reporting Executive Compensation and First-Tier Subcontract Awards to find out the conditions that trigger the requirement.

Your contract terms and conditions can only change through a modification to the contract. We routinely update all MAS contracts through a mass modification process. Contractors can update their contracts (such as price changes or adding products) through a contractor-initiated modification.

See the modifications and mass modification guidance page for more info.

According to I-FSS-639, Schedule contractors must generate a minimum of $25,000 in sales during the first 24 months on Schedule and $25,000 in sales every year thereafter.

If you do not meet this requirement, we may have to cancel your contract according to GSAR Clause 552.238-79 Cancellation.