A GSA Option to Renew is an invitation to apply to extend your GSA contract extension for another five years after the initial 5-year GSA contract expires.
An Option to Renew is the process that you undergo to extend a contract after the initial 5-year contract expires. Approximately 2-6 months before the expiration of your contract, GSA will request that you submit revised pricing, commercial sales practices and related certifications in order to be considered for a renewal. While in most cases, the volume of information is not as extensive as when you initially applied, the requirements are significant and important.
The GSA Schedules Option to renew process requires various documents and justifications as to why GSA should renew your GSA contract, including:
- Explanation of prior Audit deficiencies
- Lack of sufficient sales
- Financial Review
- New past performance evaluation
- commercial sales practices disclosures
- small business size recertification
- Trade Agreement Act (TAA) compliance
TurboGSA consultants provide full service to complete the GSA renewal can assist you throughout this process.