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GSA, VENDORS AGREE ON FTS2000 PRICE CAPS

 WASHINGTON, Dec. 18 /PRNewswire/ -- Administrator Richard G. Austin of the U.S. General Services Administration announced today that agreement has been reached with AT&T and Sprint -- providers of the government's FTS2000 long distance telecommunications services -- for Publicly Available Price caps (PAP CAPs) on all FTS2000 services.
 The PAP CAP agreements provide a methodology for ensuring that prices obtained during the recent FTS2000 price redetermination continue to track the market and remain below the best comparable commercial rates, Austin said.
 Contract modifications implementing the PAP CAPs were signed Dec. 17 and will be in effect through Dec. 7, 1995, the scheduled date for implementation of the second FTS2000 price redetermination.
 Austin said the PAP CAP agreement is another milestone in GSA's continuing effort to ensure that FTS2000 provides highest quality telecommunications services to federal agencies at the lowest prices.
 -0- 12/18/92
 /CONTACT: U.S. General Services Administration, Office of Media Relations, 202-501-1231/
 (FON T)


CO: General Services Administration; AT&T; Sprint ST: District of Columbia IN: TLS SU:

MH -- DC020 -- 8195 12/18/92 12:03 EST
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Publication:PR Newswire
Date:Dec 18, 1992
Words:179
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