693JK418A500001 - CL NEW FURNITURE BPA

This BPA contract for Business Admin Services, Construction & Related Services > Architect, Engineering & Construction, Furniture, Construction Related Materials > Facilities & Construction was awarded in FY2018 on April 05, 2018 to GovSolutions, Inc. by Office of Budget and Financial Management. There have been $7.2M in obligations to date with a ceiling value of $25M, showing a 29% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 5 year duration with ultimate completion date of September 29, 2023.

GovSolutions, Inc. is a contractor located in VA, doing primarily Furniture work for Veterans Affairs. The company receives $28.7M 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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Buying Agency/Office

Transportation » DOT Office of the Secretary » Office of Budget and Financial Management

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