Price Point provides GSA's Federal Acquisition Service with Automated Fair and Reasonable Price Determinations
XSB, Inc. announced today that the U.S. General Services Administration (GSA) awarded the 4thTask Order Option Year on XSB’s contract for Price Point, an automated system for determining fair and reasonable prices for millions of commercial items. The award of this option brings the total value of XSB’s Task Order to over $2.5M.
“Through Price Point, we are providing GSA's Federal Acquisition Service, Office of Acquisition Management with product data standardization, attribute enrichment, and price analysis for tens-of-millions of commercial items offered for sale to GSA customers through the GSA Advantage! shopping portal”, said XSB CEO, Rupert Hopkins. “We are helping put best-in-class tools in the hands of the GSA acquisition workforce to support their day-to-day work.”
Federal agencies rely on GSA to provide an online shopping experience that facilitates comparison of products across suppliers, attributes and differing product descriptions to help Buyers make more informed buying decisions. Price Point helps GSA’s acquisition workforce to improve the management and analysis of well in excess of 50 million awarded contract prices.