Schedule refers to long-term contracts that are government-wide and involve commercial firms. These contracts provide federal, state, and local government buyers with the opportunity to access more than 11 million commercial services and products. A defining feature of these contracts is the volume discount pricing, which constitutes the term’s economic utility. This process enables government entities to acquire necessary goods or services at competitively lower prices due to the volume of orders placed.
This concept is also known by other terminologies such as Multiple Award Schedule (MAS) or Federal Supply Schedules. The term Multiple Award Schedule stems from the fact that these contracts are not exclusive to a single company but may be awarded to multiple firms. On the other hand, Federal Supply Schedules is a term that signifies the federal government’s involvement in these contracts. Government buyers, through Schedules, can procure a wide array of products and services, optimizing efficiency, cost-effectiveness, and ensuring ease of acquisition.
