W911PT16A0035 - BLANKET PURCHASE AGREEMENT FOR VARIOUS CUTTING TOO...

This BPA contract for Hardware & Tools, Industrial Products & Machinery > Industrial Products & Services, Textiles, Clothing & Personal Accessories, High Caliber Weapons was awarded in FY2016 on July 05, 2016 to INDUSTRIAL TOOL SPECIALIST, INC. by Watervliet Arsenal. There have been $296.1k in obligations to date with a ceiling value of $3M, showing a 10% 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 July 03, 2021.

INDUSTRIAL TOOL SPECIALIST, INC. is a contractor located in VT, doing primarily Electrical & Electronics Equipment > Electronic & Communication Equipment 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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Buying Agency/Office

Army » Army Materiel Command » Tank-Automotive and Armaments Command » Watervliet Arsenal

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