GSA Extends Moratorium on EPA Limitations through March 2024
On August 30, 2023, GSA released the updated Acquisition Letter MV-22-02, Supplement 3, in order to extend the temporary moratorium on the enforcement of certain GSA Economic Price Adjustment (EPA) limitations through March 31, 2024.
Although recent numbers suggest the inflation rate is coming back down to normal levels, the need for this temporary moratorium continues, as supply chain shortages and price volatility continue to negatively impact the global economy.
The temporary moratorium removes the requirement that contracting officers seek higher-level approval for economic price adjustments. The Supplement also suspends the ceiling for EPAs and instructs contracting officers not to request more information than is “normally necessary” to process an EPA request.
For more information, please see our related blog posts:
- “GSA Releases Temporary Moratorium To Address The Impact Of Inflation By Reducing The Restrictions On GSA Price Increases” regarding the initial moratorium release from March 21, 2022
- “GSA Extends Moratorium on EPA Increases and Minimum Sales Requirements” post from September 14, 2022.
- “GSA Releases Extension to Moratorium on EPA Increases until September 2023” from March 3, 2023
Do you have questions on how the moratoriums might affect your GSA contract? Please contact BH Sky for further information.
Contact a BH Sky GSA Contract Schedule Expert today for assistance.