FA700024A0018 - BLANKET PURCHASE AGREEMENT FOR THE PURCHASE AND DE...
Federal Contract Award Search » BPA Award
This BPA contract for Aerospace & Defense > Sustainment S&E was awarded in FY2024 on Jul 3, 2024 to PARA-GEAR EQUIPMENT CO by 306th Flying Training Group. There have been $210.4k in obligations to date with a ceiling value of $4M, showing a 5% 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 Jul 6, 2029.
PARA-GEAR EQUIPMENT CO is a contractor located in IL, doing primarily Aerospace & Defense > Sustainment S&E work for Air Force. The company receives $1M 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
- FA700024A0018
- Contractor
- PARA-GEAR EQUIPMENT CO
- Obligations to Date
- $210.4k
- Ceiling Value
- $4M
- Award Date
- 07/03/2024
- Contract Type
- BPA
- Buying Agency/Office
- Air Force»Air Education and Training Command (AETC)»19th Air Force»12th Flying Training Wing»306th Flying Training Group
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BPA Call History
| BPA Call No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| FA700024F0087 | PARA-GEAR EQUIPMENT CO | $210.4k | 07/18/2024 |
