funding fee

funding fee

(1) A fee charged to the borrower by the Veterans Administration for guaranteeing a loan. (2) A fee charged by lenders as additional profit,and which may be negotiated downward.

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Contractors on GSA Schedules will be permitted to withhold a portion of the industrial funding fee to cover costs associated with a reduction in the fee.
QUESTION: Would GSA be willing to negotiate less than the one percent industrial funding fee for MAS/BPAs?
ANSWER: GSA recovers a one percent industrial funding fee for all orders placed under multiple award schedule contracts, including blanket purchase agreements.
GAO said revenue from the fees, known as industrial funding fees, exceeds the cost of operating the schedules by 53%.

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