My firm is looking at federal contract vehicles and I'm trying to figure out the best path. I've heard about both GSA Multiple Award Schedule (MAS) contracts and Governmentwide Acquisition Contracts (GWACs). We provide office products and services, mostly under NAICS 339940 and 541611.
I understand a GSA MAS contract is an IDIQ contract with a five-year base period and three five-year options, and it's continuously open for new offers. I also know GWACs are IDIQs, but I'm not clear on how they are different from MAS contracts. What are the key distinctions between a GSA MAS contract and a GWAC, especially for a firm like mine?