As how they would complete the request, and

As mentioned in a prior section, GSA Schedules are just one of many contracting methods used by the government. The primary contracting methods used by the government are micropurchasing, Simplified acquisition Procedures, sealed bidding, contract negotiation, and consolidated purchasing. Government purchases of individual items under $3,000 are considered micropurchases. These are purchases that can be done with a credit card (SmartPay), can be made from any legitimate vendor, and doesn’t require a contract. 70% of all government procurement transactions are done with a credit card. Purchases over $3,000 and under $100,000 are considered simplified acquisition procedures. It requires less administrative hassle for the buyer, lower approval levels, and less overall documentation. For a more complicated process for companies selling to the government, Contract negotiation are used. ¬†Usually for purchases over $100,000 or when trying to obtain a highly technical products or goods, a Request for Proposal (RFP) is issued or if the government is merely checking the possibility of acquiring a product or service it issues a Request for Quotation (RFQ). In a typical RFP, the government will identify and request a good or service from potential contractors and they must write a report about how they would complete the request, and their prices RFP are subjected to negotiation after submission (“Guide for small business” SBA p.10). Sealed Bidding is how the government contracts compete when its requirements are clear, accurate and complete also known as invitations for bid (IFB). The bids are opened in public, and the most responsive low bidder wins. Some companies will receive the IFB directly and other companies will find them linked on the Federal Business Opportunities website. Consolidated purchasing programs also known as multiple awards schedules occurs when agencies want to group the purchases of certain products and services. The most common MAS are GSA schedules and Government Wide Acquisition Contracts (G-WACS). (“Guide for small business” SBA p.11)