The Federal Government saves on processing costs and generates revenue through refunds.
Performance-based refunds for agencies/organizations, established in the master contract, are a single rate that takes into consideration both volume of spend and speed of pay historically found under the GSA SmartPay Program government-wide. The amount of refund your agency receives is calculated during task order negotiation.
Agencies must verify their own refunds. You can do this by comparing the base points in the task order with the quarterly refund report received from your bank. If you need a copy of the quarterly report, contact the point of contact at the bank.