This BPA contract for Telecommunications, IT Security Hardware, Communications Equipment, Public Relations and Professional Communications Services was awarded in FY2014 on August 28, 2014 to Verizon by DEA New England Division. There have been $368.6k in obligations to date with a ceiling value of $368.6k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with offers received.
Verizon is a contractor located in NY, doing primarily Telecommunications work for Army. The company receives $1.3B annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.
Blanket Purchase Agreements or BPAs establish a method for the Government to satisfy a repetitive need for goods and services. When a government-wide need exists for specific products or services, a BPA allows the Government to establish a single contract to satisfy those needs. Creating a single source for common needs enables the Government to use buying power to drive down prices and avoid the higher costs associated with hundreds or thousands of customers purchasing independently.
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