Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Should a contractor report sales and remit the fee if sales/fee for a particular contract are zero or some small amount?

0
Posted

Should a contractor report sales and remit the fee if sales/fee for a particular contract are zero or some small amount?

0

Yes. Once you have been awarded a task order, you will be required to begin reporting sales. Sales reports are due quarterly. The Contractor Sales Reporting clause in your GWAC defines the respective calendar quarters as January 1-March 31, April 1-June 30, July 1-September 30, and October 1-December 31. This clause, and the Contract Access Fee Remittance clause, require that contractors enter sales into the GWAC Quarterly Sales Reporting System and remit the appropriate CAF to GSA within 30 days of the end of the applicable reporting quarter. If no sales occur under a particular task order during the reporting quarter, you are required to show “zero” on the report. Contractors must remit fees quarterly for all amounts greater than zero. For example – You are issued a task order award during the month of July. Since July falls within the July 1-September 30 calendar quarter, your first sales report must be entered into the GWAC Quarterly Sales Reporting System and the appropriate Contr

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123