This BPA contract for Acquisition Support was awarded in FY2022 on May 6, 2022 to TIER 1 GROUP, LLC by 414th Combat Training Squadron. There have been $31.6k in obligations to date with a ceiling value of $350k, showing a 9% 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 2, 2027.
TIER 1 GROUP, LLC is a contractor located in AR, doing primarily Education/Training > Human Capital work for Marine Corps. The company receives $1.3M 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 |
---|---|---|---|
FA486122F0159 | TIER 1 GROUP, LLC | $31.6k | 06/15/2022 |