Schedule shop issues new set of leasing terms

The General Services Administration's Federal Supply Service last week submitted final IT leasing terms to vendors for approval. Contractors have until May 3 to either sign the new terms or negotiate changes.

Earlier this month, GSA suspended new IT leasing orders for 60 days after it failed to reach an agreement with vendors and industry associations about changes to leasing agreements.

The new terms outline three choices for contractors and agencies: lease to own, lease with an option to own and step leases.

Under a step lease, a new option, terms are renegotiated every year, and the price decreases with each subsequent contract.

Once GSA approves a vendor's terms, it will lift the moratorium for that contractor, GSA spokeswoman Deborah Ruiz said.

inside gcn

  • When cybersecurity capabilities are paid for, but untapped

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

More from 1105 Public Sector Media Group