GSA Schedule prices can be increased according to the terms of a schedule contract. Seems simple but many GSA contractors do not increase their prices during the entire five years of their contract. Obviously, not requesting price increase can hurt profits significantly particular when year-to-year price compounding could have been possible.

Timely contract modification requests for price increase should be part of an effective GSA contract management system. You are legally due price increases so don't throw away potential profits.

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You worked hard to win your GSA Schedule award- don't blow it now by overlooking a routine administrative task.

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