This BPA contract for Automotive Parts & Products > Transportation and Logistics Services was awarded in FY2025 on Oct 10, 2024 to Miscellaneous Foreign Contractors by U.S. Embassy Hungary. There have been no obligations to date with a ceiling value of $9.5k, showing a ~0% 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 Oct 8, 2029.
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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