The estimate total value for the multiple-award SP3 contract is $700 billion, according to the RFP.
The General Services Administration is seeking proposals for a massive new contract it will award this summer for its governmentwide charge card payment program.
The agency issued a request for proposals on Wednesday for GSA SmartPay 3, the next iteration of a nearly 20-year-old program that provides the government with purchase, travel, fleet, and integrated payment solutions. The contract runs through Nov. 28, 2021, with a potential extension to 2031. The current contract for GSA SmartPay 2 expires on Nov. 29, 2018.
The estimated total value for the SP3 contract is $700 billion, according to the RFP.
GSA SmartPay is the world’s largest commercial payment program, providing services to 560 federal agencies and other organizations and supporting more than 3 million accounts. In fiscal 2016, agencies used the program for purchase, travel and fleet needs “more than 91 million times around the globe for a total of more than $28 billion in transactions,” according to a GSA statement.
All RFPs for SmartPay 3 are due by 4:00 p.m. EDT on March 22.
Citibank, J.P. Morgan Chase, and U.S. Bank are the current contractors for GSA SmartPay 2, which was worth up to $260 billion when it was awarded in 2007. GSA plans to make multiple awards for SmartPay 3, and will have a “kick-off forum” in Washington later this year to introduce the SP3 contractors to agencies.
“GSA’s SmartPay program provides agencies across government with payment solutions to streamline transactions, lower costs, and more effectively deliver services to the American people,” said GSA Federal Acquisition Service Commissioner Tom Sharpe in a statement. “We worked closely with our industry and agency partners in developing the next generation of the SmartPay program to ensure that GSA SmartPay 3 offers federal agencies more value and efficiency in carrying out their missions.”