GSA IT Schedule 70 is one of the largest and most common means by which the federal government procures information technology based goods and services.   GSA Schedule 70 offers the opportunity for Information Technology companies, including small businesses, to cut through the red tape of government acquisitions and make their products and services more readily available to any number of government agencies.  This is a long-term contract that basically pre-approves GSA Schedule 70 holders as vendors for the government purchasing marketplace. It is not a requirement for a vendor to have a GSA Schedule 70 contract in order to do business with government entities but it does help by decreasing the time it takes to make a transaction as well as cut down on the fees for both parties.