This BPA contract for IT Outsourcing was awarded in FY2019 on Dec 20, 2018 to FAITH TECHNOLOGIES INCORPORATED by Detroit District. There have been no obligations to date with a ceiling value of $600k, showing a ~0% 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 Dec 19, 2021.
FAITH TECHNOLOGIES INCORPORATED is a contractor located in WI, doing primarily Facility Related Materials work for Navy. 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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