This BPA contract for Consumer Products > Equipment Related Services was awarded in FY2018 on Sep 1, 2018 to WARNER MUSIC GROUP CORP. by VOA Persian Division. There have been $150k in obligations to date with a ceiling value of $150k, showing a 100% 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 Aug 30, 2023.
WARNER MUSIC GROUP CORP. is a contractor located in CA, doing primarily Business Admin Services work for Navy. The company receives $5.6k 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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BPA Call No. | Contractor | Obligations | Effective Date |
---|---|---|---|
95170018K1313 | WARNER MUSIC GROUP CORP. | $150k | 09/12/2018 |