Tag Archives: Level-3 and GSA
With FSSI in full swing and many contractors trying to fit the pieces together, one area that is often forgotten but most important is getting paid. While FSSI is requiring that contractors provide Level III line item detail, the benefit that this can provide to the contractor is often overlooked. By providing Level III data, the contractor can save a significant amount of money and reduce the amount they pay to the card companies. This by itself has tremendous value… Read More »
Recently, Mark Amtower showed the statistics in the decrease of spending in the GSA SmartPay program. Spending dropped approximately 3 billion dollars and 20,000 transactions in FY 2012 compared to FY2011. Are you suffering from lowering buying from the government? If so, how do you offset this? It’s time to look at your expenses. The first place to look is at your credit card processing expenses.
As discussed extensively in this blog, providing level 3 data can reduce your expenses… Read More »
A memo released by the Office of Management and Budget (OMB) on December 5, 2012 focused on continuing to new direction on federal procurement practices. As OMB’s Deputy Director Jeffrey Zients notes in his Dec. 5 memo, “One key way agencies have saved money is by pooling their spending, either by centralizing the agency’s contracting decisions or by using government-wide strategic sourcing vehicles, in order to lower prices and reduce duplication and reduce administrative costs.” Building on established… Read More »
There has been a new direction established by GSA, Office of Charge Card Management, in which GSA SmartPay card transactions has set up new guidelines for certain schedules to provide Level-3 transaction detail.
The GSA SmartPay program, established in 1998, is the largest charge card program in the world serving more than 350 federal agencies, organizations, and Native American tribal governments. In FY10, approximately 98.9M transactions were made and $30.2B were charged using the GSA SmartPay charge cards, creating $325.9M in… Read More »
The Chief Visionary at ASBC, Guy Timberlake, recently wrote an article regarding the Simplified Acquisition program of the Federal Government in the state of Virginia. The article points out that 1790 funding offices account for the FY12 simplified spending in the state. Over $11 million was spent via Smart Pay Purchase Cards.
The article also notes that the TSA, Federal Prison Systems, Navy, VA and the Army are the top five contracting agencies issuing simplified acquisition payments via the purchase… Read More »
Today Government Charge Card is pleased to publish a guest post from Kevin Custer. Kevin is President and CEO of Mercury Consulting, as well as the founder of FederalShoppingMall.com, an online resource center that connects government contractors with federal and state buyers.
He writes below about the mandate for Level-3 financial processing included in the GSA 51V Schedule Contract.
My firm Mercury Consulting specializes in helping clients obtain and maintain GSA Schedule Contracts. A big part of our job… Read More »