FA822424A0008 - PURCHASE AND DELIVERY OF MISCELLANEOUS COATING AND...
Federal Contract Award Search » BPA Award
This BPA contract for Petro-Chemical Industries > Industrial Products & Services, Facility Related Materials was awarded in FY2024 on May 22, 2024 to Industrial Finishes & Systems Inc by Air Force. There have been $274.5k in obligations to date with a ceiling value of $7M, showing a 4% 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 May 20, 2029.
Industrial Finishes & Systems Inc is a contractor located in UT, doing primarily Facility Related Materials work for Air Force. The company receives $9.3M annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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
- FA822424A0008
- Contractor
- AUTOMOTIVE & INDUSTRIAL SUPPLY, LLC
- Obligations to Date
- $274.5k
- Ceiling Value
- $7M
- Award Date
- 05/22/2024
- Contract Type
- BPA
- Buying Agency/Office
- Air Force
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BPA Call History
| BPA Call No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| FA820124FG002 | AUTOMOTIVE & INDUSTRIAL SUPPLY, LLC | $24.5k | 05/22/2024 |
| FA822424F0057 | AUTOMOTIVE & INDUSTRIAL SUPPLY, LLC | $250k | 06/18/2024 |
