FA301624A0044 - BLANKET PURCHASE AGREEMENT (BPA) TO PROVIDE ALL RE...

This BPA contract for Construction Related Materials > Facilities & Construction, Medical Equipment & Supplies > Medical Supplies/Equipment, Healthcare > Medical Practitioners, Pharmaceuticals > Pharmaceutical Products, Test & Measurement Supplies was awarded in FY2024 on Sep 30, 2024 to Abbott Laboratories by . There have been $1.2M in obligations to date with a ceiling value of $7M, showing a 17% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 19 year duration with ultimate completion date of Apr 29, 2026.

Abbott Laboratories is a contractor located in FL, doing primarily Test & Measurement Supplies work for Defense. The company receives $423.7M 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

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