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GSA FABS Under the Professional Services Schedule

What-is-a-GSA-ScheduleIf your company provides financial services to the federal government — ranging from accounting, budgeting, and auditing, to loan servicing, debt collection, and grants management — you may want to consider obtaining a GSA Professional Services Schedule (PSS) Contract. PSS contains a subset of categories for financial services known as Financial and Business Solutions (FABS).

GSA FABS Schedule Sales

In fiscal year 2017, government buyers spent more than $1.6 billion on FABS related services through the GSA PSS Contract.

What Type of Services Qualify for FABS?

GSA FABS Subcategories

Below is a listing of FABS related subcategories, known as Special Item Numbers (SINs) under the GSA PSS Contract. If your services fall under one of the SINs listed below and your company has been in business for at least two years, you may qualify to obtain a GSA PSS Contract for FABS.

SIN#                       SIN Name

520 11 Accounting
520 14 Audit & Financial Training Services
520 12 Budgeting
520 16 Business Information Services
520 8 Complementary Audit Services
520 13 Complementary Financial Management Services
520 20 Data Breach Response & Identity Protection Services (IPS)
520 4 Debt Collection
520 3 Due Diligence & Support Services
520 7 Financial & Performance Audit
520 22 Grants Management Support Services
520 5 Loan Servicing & Asset Management
520 15 Outsourcing Recurring Commercial Activities
520 6 Professional Legal Services
520 1 Program Financial Advisor
520 21 Program Management Services
520 9 Recovery Audits
520 17 Risk Assessment and Mitigation Services
520 2 Transaction Specialist
520 10 Transportation Audits

Data Breach Response & Identity Protection Services (IPS)

In October of 2017, in order to meet agency needs, GSA redefined SIN 520-20 as “Data Breach Response & Identity Protection Services – Integrated, total solution for services to provide identity monitoring and notification of Personally Identifiable Information (PII) and Protected Health Information (PHI), identity theft insurance and identity restoration services, and protect (safeguard) the confidentiality of PII and PHI.”

GSA plans to use SIN 520-20 as a replacement for an Identity Protection Services Blanket Purchase Agreement (BPA) that expires in 2020. However, as of June 2019, there were only three companies that offer services under SIN 520 20: AllClear ID, ID Experts, and IdentityForce.

While it is not common for GSA to actively seek contractors, on May 23, 2019, GSA announced a need for companies that provide data breach response and identity production services under the GSA Professional Services Schedule, SIN 520-20.

Get Help Obtaining a GSA Schedule for FABS Offerings

Federal Schedules, Inc. has been helping companies obtain and manage their GSA Schedule Contracts for FABS related offerings since 1986. We can help you through each step of the process – from strategy development and proposal preparation, to GSA Schedule Contract award and post-award management. For more information, see GSA Schedule Proposal Help, contact us, or call us at 703-709-8700 for a quote.