2031ZA20A00008 - BPA FOR BEP OEM INVENTORY SPARE PARTS

This BPA contract for Industrial Products & Machinery > Industrial Products & Services was awarded in FY2020 on May 22, 2020 to Koenig & Bauer Group by Office of the Chief Procurement Officer. There have been $3M in obligations to date with a ceiling value of $7M, showing a 44% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 1 year duration with ultimate completion date of November 20, 2021.

Koenig & Bauer Group is a contractor located in VD, doing primarily Industrial Products & Machinery > Industrial Products & Services work for Treasury. The company receives $14.3M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias 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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Buying Agency/Office

Treasury » Bureau of Engraving and Printing » BEP Chief Financial Officer » Office of the Chief Procurement Officer

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