For vendors that have pricing impacted by any of the recent tariffs, modifying your GSA Schedule contract to increase pricing is an available remedy. All GSA Schedule contracts contain an Economic Price Adjustment clause in the contract that allow for price increases. However, without an approved modification higher GSA prices cannot be passed on to the GSA Schedule customer, if customers are given higher GSA pricing without approval this would be considered an overcharge by GSA and become a contract compliance concern.
In order for GSA to consider granting a price increase modification the contracting officers/specialist (CO/CS) will need to see that the new higher pricing is being passed onto commercial or non-GSA customers first. GSA will also want to see invoices, quotes or other documentation showing that the higher pricing has been passed onto the commercial or non-GSA customers.
For assistance with a price increase or economic price adjustment modification reach our to your TGG consultant or contact us at 202-833-1120 or via email at info@gormgroup.com.