The General Services Administration has consolidated eight acquisition contracts for professional services into a new single contract vehicle that opened for business Oct. 1.
Tiffany Hixson, a regional commissioner and professional services category executive at GSA, wrote in a blog post published Thursday the agency sought to cut down on contract duplication through the consolidation initiative.
GSA eliminated more than 700 contracts and estimates $3.95 million in savings over five years as a result of the move, according to Hixson.
The agency projects sustained savings of $1.29 million per year after that five-year period, Hixson said.
GSA held a webinar for contracting and program professionals Thursday to go over the new single schedule and a second for contractors is scheduled for Oct. 21.