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Question Category: Industrial Funding Fee FAQs

What is an Industrial Funding Fee?

The Industrial Funding Fee is a fee paid quarterly on vendor sales. This fee is used to support the contract administration and is .75% of your quarterly GSA contract sales

Where do I mail my IFF payment?

Please make your check payable to: General Services Administration Industrial Funding Fee (IFF/SIFT) for Multiple Award Schedule Contracts P.O. Box 979017 St. Louis, MO 63197-9017

Can a contractor change the method of reporting sales?

The IFF Clause, 552.238-74, specifies that the contractor must maintain a consistent accounting method of sales reporting based on the contractor’s established commercial accounting practice. This established accounting practice should be the determining factor on when the contractor reports sales: (1) receipt of order; (2) shipment or delivery, as applicable; (3) issuance of an invoice; …

Can a contractor change the method of reporting sales? Read More »

Where can contractors obtain information regarding the IFF program?

The ACO is the point of contact for questions regarding a specific contract. If the contractor does not know which ACO is assigned the contract, the Contract Management Division below appropriate to the contractor’s contact for contract administration is located can provide the information.

Can contractors report sales and remit fees on a contract rather than Special Item Number (SIN) basis?

The IFF clause specifies that contractors must report sales separately for each National Stock Number (NSN), Special Item Number (SIN), or sub-item. A contractor may consolidate fees for multiple SINs and/or contracts into one check provided that the check is annotated with the following identifying information: (1) contract number(s)), (2) reporting period(s)), and (3) report …

Can contractors report sales and remit fees on a contract rather than Special Item Number (SIN) basis? Read More »

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