W81XWH14A0006 - SIEMENS BPA

This BPA contract for Test & Measurement Supplies, Pharmaceuticals > Pharmaceutical Products, Medical Equipment & Supplies > Medical Supplies/Equipment was awarded in FY2014 on Oct 17, 2013 to Siemens by US Army Institute of Surgical Research. There have been $121k in obligations to date with a ceiling value of $500k, showing a 24% 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 Oct 15, 2014.

Siemens is a contractor located in NJ, doing primarily Medical Equipment & Supplies > Medical Supplies/Equipment work for Veterans Affairs. The company receives $495.4M 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.

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Buying Agency/Office

Army»Army Futures Command»Army Medical Research and Development Command»US Army Institute of Surgical Research

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