This BPA contract for Furniture was awarded in FY2022 on November 04, 2021 to Miscellaneous Foreign Contractors by Bureau of African Affairs. There have been no obligations to date with a ceiling value of $150k, 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 1 year duration with ultimate completion date of September 29, 2022.
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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