Pre-Negotiated Pricing is a key term in Government Services Administration (GSA) procurement processes. It refers to the price rates established between the government and a vendor before a contract for goods or services is formally awarded. This pricing model is a critical aspect of GSA Schedules, where prices are negotiated at the contract level, not the order level.
Pre-Negotiated Pricing contributes to efficient and cost-effective purchasing. It saves time as it eliminates the need for subsequent price negotiations and ensures the government gets a fair and reasonable price. It also benefits vendors by providing them with a clear understanding of what the government is willing to pay for their goods or services. Pre-negotiated Pricing promotes transparency, facilitates budget planning, and fosters positive vendor-government relationships.
