12FPC123A0012 - BLANKET PURCHASE AGREEMENT (BPA) FOR ACTUARIAL AND...
Federal Contract Award Search » BPA Award
This BPA contract for Financial services was awarded in FY2023 on Sep 6, 2023 to SCHNITKEY, GARY by Actuarial and Product Design Division. There have been $40.9k in obligations to date with a ceiling value of $250k, showing a 16% 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 Sep 29, 2028.
SCHNITKEY, GARY is a contractor located in IL, doing primarily Financial services work for Agriculture. The company receives $3.7k 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.
- Contract Number
- 12FPC123A0012
- Contractor
- SCHNITKEY GARY
- Obligations to Date
- $40.9k
- Ceiling Value
- $250k
- Award Date
- 09/06/2023
- Contract Type
- BPA
- Buying Agency/Office
- Agriculture»Risk Management Agency»Product Management»Actuarial and Product Design Division
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BPA Call History
| BPA Call No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 12FPC124F0016 | SCHNITKEY GARY | $4.5k | 12/04/2023 |
| 12FPC124F0039 | SCHNITKEY GARY | $18k | 03/06/2024 |
| 12FPCP24F0106 | SCHNITKEY GARY | $18.4k | 09/09/2024 |
