This BPA contract for Education/Training > Human Capital, Business Admin Services was awarded in FY2023 on Feb 21, 2023 to WAKE FOREST UNIVERSITY by Air Force. There have been $84.2k in obligations to date with a ceiling value of $1,000k, showing a 8% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 3 year duration with ultimate completion date of Feb 13, 2026.
WAKE FOREST UNIVERSITY is a contractor located in NC, doing primarily Pharmaceuticals > Research and Development work for Health and Human Services. The company receives $6M 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 |
---|---|---|---|
FA487723F0104 | WAKE FOREST UNIVERSITY HEALTH SCIENCES | $84.2k | 06/30/2023 |